B Riley Wealth Advisors Inc

Item 5 – Fees & Compensation
                                                                                                    time needed to manage an account among other
                                               General Fee Practices                                factors. The Firm has a maximum allowable
                                               The specific manner in which fees are charged        AUM Fee of 2.75% per year in Firm sponsored
                                               by BRWA is established in the Advisory               Programs.
                                               Agreement and/or Statement of Investment             Please note if a Sub-adviser is engaged,
                                               Selection.                                           account fees may be higher than they would
                                               The AUM Fee and other administrative fees are        have been had the Sub-adviser not been
                                               deducted automatically from the account on a         engaged. Sub-advisers may not be willing to
                                               calendar quarter in advance. The initial AUM         negotiate their fees, and the Firm is not
                                               Fee for the first calendar quarter or portion        authorized to negotiate their fees. Clients
                                               thereof in which the client participates in the      should carefully review each Sub-adviser
                                               Program is calculated based on the assets in the     Disclosure Document, the chosen Program’s
                                               account and prorated based on the number of          separate Wrap Fee Brochure and the Advisory
                                               calendar days remaining in the partial quarter       Agreement before investing.
                                               from the date the account is accepted by             Under the Wrap Fee Programs, BRWA charges
                                               BRWA. Thereafter, the AUM Fee is calculated          a percentage fee on all Program Assets. The fee
                                               at the beginning of each calendar quarter based      covers all expenses for brokerage, clearance,
                                               on the value of Program Assets on the last           settlement, and custodial services as well as all
                                               business day of the prior calendar quarter.          investment advice. The Advisory Agreement
                                               However, if an account is opened in the last         will state the specific Wrap Fee applicable to
                                               month of a calendar quarter, the AUM Fee will        each Account. For more details on the Wrap
                                               be calculated and debited for the remaining          Fee and Wrap Programs, please refer to our
                                               period in the calendar quarter plus the next         ADV 2A, Appendix I (Wrap Fee Brochure). The
                                               calendar quarter on or about the day after initial   method for calculating the Wrap Fee for each
                                               Program Assets are placed into the Program. If       Wrap Fee Program is described in the Wrap Fee
                                               the Advisory Agreement is terminated and all         Brochure.
                                               Program Assets are withdrawn from the                The Wrap Fee does not cover amounts charged
                                               Program prior to the end of a quarter, the pro       for any of the following (collectively, “Excluded
                                               rata portion of the Program Fee will be              Expenses”): internal fees or expenses which
                                               reimbursed to the client.                            may be associated with an account’s
                                                                                                    investments (including without limitation,
                                               BRWA will receive the AUM Fee (wrap or non-
B. Riley Wealth Advisors Disclosure Brochure

                                                                                                    internal operating or investment expenses of
                                               wrap) and/or the Financial Planning/Consulting
                                                                                                    mutual funds, unit investment trusts, or
                                               Fee. It will share this compensation with your
                                                                                                    electronically traded funds); fees imposed by
                                               IAR according to the Firm separate agreement
                                                                                                    mutual funds for short- term trading (typically
                                               with IAR. It is possible that the amount of
                                                                                                    1% - 2% of the amount originally invested) for
                                               compensation received, directly or indirectly, by
                                                                                                    redemptions made within short periods of time;
                                               the Firm or IAR in recommending a particular
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Item 7 – Types of Clients
BRWA provides investment advisory services to individuals, high net worth individuals, pension plans,
profit sharing plans, 401(k) plans, trusts, estates, charitable organizations, corporations, and other
business entities. Advisory accounts generally have minimum account size requirements of $25,000,
which is negotiable, depending on the client household, relationship, type, and size of the account.