B. Riley Wealth Management, part of B. Riley Financial, has launched its first branch in Pennsylvania.
Located in Devon, the new branch is staffed by Michael McCall who takes on the role of branch manager and senior vice president.
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By GlobalDataThe Pennsylvania branch also houses Michael Connelly, who assumes the responsibility of vice president.
The pair previously oversaw around $181m in assets at Raymond James & Associates in Devon.
Together, the duo established The McCall Connelly Group in 2007 that counted multi-generational families, business owners, and large institutions as clients.
In addition, both McCall and Connelly formerly had stints at RBC Capital Markets.
The new branch will also be staffed by portfolio administrator Christin Hinckle.
McCall noted: “The industry and operational knowledge of the B. Riley Wealth Management team is impressive.
“The firm values a boutique culture over size, and offers unique investment opportunities for our clients, both of which were very compelling.
“From new issuers and preferred offerings sourced through B. Riley affiliates, to a back-office supported by First Clearing, B. Riley Wealth Management has the whole package needed to support and grow our practice.”
Tennessee-based B. Riley Wealth Management has over 20 offices.
Apart from Tennessee and Pennsylvania, the firm currently has presence in Texas, Oklahoma, Ohio, New York, Missouri, Michigan, Louisiana, Iowa, Illinois, Florida, and California.
The business caters to individuals, families, corporations and non-profit organisations.
B. Riley Wealth Management CEO Philip Zanone said: “We believe the diverse array of services and financial products sourced through the B. Riley platform is extremely appealing to top-tier advisers like The McCall Connelly Group as they look to provide their clients with customised financial solutions.”