LOS ANGELES, August 13, 2019 - B. Riley Wealth Management, a full-service private wealth and investment services firm and subsidiary of B. Riley Financial (NASDAQ: RILY) ("B. Riley"), today announced that Thomas C. Powers has joined the firm as Senior Vice President. Powers will lead national recruiting efforts for B. Riley's independent advisor channel and will oversee operations of the firm's full-service branches in downtown Chicago and St. Charles, Illinois.
"Thom's industry experience and enthusiasm for B. Riley make him the ideal person to support our growing independent channel," said Philip Zanone, CEO of B. Riley Wealth Management. "Our strategic growth and unique platform make our firm well-positioned to support advisors at any stage in their career."
With over 160 advisors across 13 states, B. Riley Wealth Management serves approximately 34,000 accounts and manages over $10 billion in client assets. Powers is focused on adding established, growth-minded independent advisors to the firm's growing independent advisor network.
"As advisors increasingly consider a transition to independence, B. Riley offers the flexibility and agility of a boutique while providing experienced professionals with a comprehensive array of investment services and products offered through our affiliated network," said Powers. "Our diverse platform, combined with strong leadership, inspires confidence for our broad base of advisors to serve their clients exceptionally well. I look forward to contributing to the firm's strategic growth in the independent channel."
Powers was previously a Vice President and Regional Planning Consultant with Fidelity Investments in the San Francisco Bay area. He began his financial services career as an advisor with Prudential Financial and has held various senior level sales management and regional management positions with Waddell & Reed, Genworth Financial and Comerica Securities. He is a Certified Financial Planner (CFP®) and holds several professional designations, including among others Chartered Financial Consultant and Chartered Life Underwriter. A Chicago native, Powers is a graduate of University of Illinois at Urbana-Champaign.