AdvisorCheck - Find and Connect with Top Financial Advisors on Your Terms
Advisor Search
Why Advisor Check

We're Here To Help

AdvisorCheck empowers you to find, evaluate, and monitor financial advisors with confidence and clarity.

Advisor Monitoring

Financial advisor's situations can change, sometimes without notice. AdvisorCheck's Monitoring tool helps you avoid surprises and stay on top of your financial health.

Firm Stability Insights

The stability of your financial advisor's firm has a significant impact in the security and quality of service you receive. Our tool provides historical data and key insights over time to help you make informed, confident decisions.

Pricing
For Advisors
JD

James L. Desmet

B. RILEY WEALTH MANAGEMENT
Memphis, TN 38103
Some features on this profile are disabled
CRD#: 2980154
JD

Professional summary

James Louis Desmet, who also goes by Jim Desmet, is a registered financial professional currently at B. RILEY WEALTH MANAGEMENT located in Memphis, Tennessee.

James is registered as a RR (Registered Representative) and started their career in finance in 1998. James has worked at 6 firms and has passed the Series 66, Series 63, Series 99TO, SIE, Series 7, Series 24, Series 4, Series 10 and Series 9 exams.

top-8-questions

Question & Answer

Are you a "fiduciary"?
No

Aliases

Jim Desmet

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary) - BD

Click below to view James Louis Desmet's CRS (Customer Relationship Summary).
CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
None

Experience

Current

February 25, 2022 - Present

B. RILEY WEALTH MANAGEMENT

Office #1: 40 S. Main St. Suites 1600, Memphis, TN 38103
BD
CRD#: 2543
Memphis, TN
Past

September 14, 2020 - July 22, 2022

NATIONAL SECURITIES CORPORATION

BD
CRD#: 7569
BOCA RATON, FL
Past

March 1, 2018 - September 14, 2020

ALLY INVEST SECURITIES LLC

BD
CRD#: 136131
FORT LAUDERDALE, FL
Past

December 4, 2007 - July 28, 2017

MURIEL SIEBERT & CO., LLC

BD
CRD#: 5376
BOCA RATON, FL
Past

April 26, 2006 - November 26, 2007

TD AMERITRADE INVESTMENT MANAGEMENT, LLC

RIA
CRD#: 111514
FT. LAUDERDALE, FL
Past

June 23, 2003 - November 26, 2007

TD AMERITRADE, INC.

RIA
CRD#: 7870
FT. LAUDERDALE, FL
Past

February 13, 1998 - November 26, 2007

TD AMERITRADE, INC.

BD
CRD#: 7870
FT. LAUDERDALE, FL

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

RR
indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.

Visual representation of state registrations

RR
Florida
(2/25/2022)
RR
New York
(7/22/2022)
RR
Tennessee
(12/2/2022)

Exams

State Security Law Exam
RR
IAR
Series 66
Date: 6/18/2003
Uniform Combined State Law Examination
State Security Law Exam
RR
Series 63
Date: 3/13/1998
Uniform Securities Agent State Law Examination
General Industry/Product Exam
RR
Series 99TO
Date: 1/2/2023
Operations Professional Examination
General Industry/Product Exam
RR
SIE
Date: 10/1/2018
Securities Industry Essentials Examination
General Industry/Product Exam
RR
Series 7
Date: 2/12/1998
General Securities Representative Examination
Principal/Supervisory Exam
RR
Series 24
Date: 2/23/2019
General Securities Principal Examination
Principal/Supervisory Exam
RR
Series 4
Date: 8/2/2018
Registered Options Principal Examination
Principal/Supervisory Exam
RR
Series 10
Date: 3/13/2001
General Securities Sales Supervisor - General Module Examination
Principal/Supervisory Exam
RR
Series 9
Date: 7/23/1999
General Securities Sales Supervisor - Options Module Examination
SRO Registrations
RR
FINRA

Current Firm

B. RILEY WEALTH MANAGEMENT
B. RILEY WEALTH MANAGEMENT
B RILEY WEALTH | WUNTRADE | WUNDERLICH SECURITIES, INC. | WUNDERLICH SECURITIES | WUNDERLICH | FUNDAMENTAL CAPITAL MARKETS | FUNDAMENTAL BROKERS INTER-DEALER | FIDUCIARY FINANCIAL SERVICES WEALTH MANAGEMENT (FFS) | DOMINICK & DOMINICK | CAPITAL SECURITIES OF AMERICA | B. RILEY WEALTH MANAGEMENT, INC. | B. RILEY WEALTH MANAGEMENT | B. RILEY WEALTH | B RILEY WEALTH MANAGEMENT, INC. | B RILEY WEALTH MANAGEMENT | B RILEY WEALTH ADVISORS

CRD#: 2543 / SEC#: 801-67275, 8-31206

BD
Broker-Dealer Firm Regulated by FINRA (New Orleans district office)
Upgrade to AdvisorCheck Premium
Get A Biweekly Pulse, AutomaticallyReceive biweekly alerts automatically. Stay informed and proactive.
Catch Firm-Level Red Flags SoonerCatch leadership changes and disclosures early, before issues escalate.
See Trends. Not Just SnapshotsMonitor firm stability metrics like AUM and advisor ratios over time.

Contact information

Main Address
40 South Main Suite 1800, Memphis, TN 38103
Mailing Address
40 South Main Suite 1600, Memphis, TN 38103
Phone number
(901) 251-1330
Established
Tennessee since 01/10/1992
Firm type
Corporation
Fiscal year end
December
Firm Size
Medium
# of Employees
250

FINRA licenses (53 States and Territories)

Blank US states mapAlaskaHawaiiAlabamaArkansasArizonaCaliforniaColoradoConnecticutDelawareFloridaGeorgiaIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWisconsinWest VirginiaWyoming

Documents

Customer Relationship Summary (CRS / FINRA)Latest Form ADV

Part 2 Brochures

BRWM ADV PART 2A FIRM BROCHURE 03/2022 (3/31/2022)
BRWM ADV PART 2A WRAP FEE PROGRAM BROCHURE 03/2022 (3/31/2022)

Direct owners and executive officers

NamePositionCRD#
B. RILEY WEALTH MANAGEMENT HOLDINGS, INC.DIRECT OWNER
BONNEMA, STEPHEN JOSEPHCHIEF ADMINISTRATIVE OFFICER2229865
MULLEN, MICHAEL ANTHONYCHIEF EXECUTIVE OFFICER1428116
ORTEGA, DANIELCHIEF COMPLIANCE OFFICER3095215
SWAIN, MARY ANN NELLCHIEF FINANCIAL OFFICER6484916
ZANONE, PHILIP RICHARD JRCHIEF OPERATING OFFICER2135221

Regulatory assets under management

Total Number of Accounts9,621
AUM (Assets Under Management)$ 4,118,839,755

Disclosures

Regulatory Event18
Arbitration4
Bond1

Accountant surprise examination report

Filing DateForm ADV-E CoverForm ADV-E Report
12/28/2022
Cover Page
Report

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

Company Information

B. RILEY WEALTH MANAGEMENT

B. RILEY WEALTH MANAGEMENT

CRD#: 2543Memphis, TN 38103

TRUST BUT VERIFY

Monitor James Desmet

Get automatic monthly alerts on:
Job or Firm Moves
Licensing Changes
Client Complaints
New Red Flags
Contact Information Updates

Similar Advisors

Stacey Stephenson Hyde
Stacey HydeAdvisorCheck Check Mark
ENVISION FINANCIAL PLANNING, LLC
IAR
Memphis, TN
footer-logo
How We Help
Advisor Search
Find Advisors by State
Blog
Glossary
For Advisors
About Us
Help Center
Terms Of UsePrivacy PolicySubscription Policy
AdvisorCheck does not offer investment advice and should not replace discussions with professional accounting, tax, legal or financial advisors.
© 2025 AdvisorCheck, an AIMR Analytics company.
All rights reserved.
Powered ByAIRM Analytics