XML 45 R27.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

NET CAPITAL REQUIREMENTS | 3 Months Ended
--- | ---
Mar. 31, 2024
Broker-Dealer [Abstract] |
NET CAPITAL REQUIREMENTS | NET CAPITAL REQUIREMENTS BRS and B. Riley Wealth Management (“BRWM”), the Company’s broker-dealer subsidiaries, are registered with the SEC as broker-dealers and members of the Financial Industry Regulatory Authority, Inc. (“FINRA”). The Company’s broker-dealer subsidiaries are subject to SEC Uniform Net Capital Rule (Rule 15c3-1) which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. As such, they are subject to the minimum net capital requirements promulgated by the SEC. As of March 31, 2024, BRS had net capital of $115,953, which was $112,151 in excess of required minimum net capital of $3,802; and BRWM had net capital of $13,996, which was $12,253 in excess of required minimum net capital of $1,743. As of December 31, 2023, BRS had net capital of $134,561, which was $130,163 in excess of its required minimum net capital of $4,398; and BRWM had net capital of $12,328, which was $10,431 in excess of its required minimum net capital of $1,897.

X
- References No definition available. + Details
Name: | srt_BrokersAndDealersAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for financial services, specifically for brokers and dealers, for the accounting period and at the balance sheet date. Disclosure may include amounts receivable from and payable to broker-dealers and clearing organizations, including securities failed to receive, deposits received for securities loaned, amounts payable to clearing organizations related to open transactions, floor brokerage payables and payables for commodities futures accounts liquidating to an equity balance on a broker-dealer's records. May also include disclosure on company's consolidation policy and a note indicating the amount of the broker-dealer's actual net capital and the amount of required net capital. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 940 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//940/tableOfContent + Details
Name: | us-gaap_BrokersAndDealersDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration