Peter Sarner Independent Financial Advisor 100-1 Joshuatown Road Lyme, CT 06371 347-513-5351 psarner@brileywealth.com 40 S. Main St., Suite 1800 Memphis, TN 38103 1-800-726-0557 July 12, 2023 This Brochure Supplement provides information about Peter Sarner that supplements the B. Riley Wealth Advisors, Inc. Brochure. You should have received a copy of that Brochure. Please contact B. Riley’s Compliance Department if you did not receive the B. Riley Wealth Advisors Brochure or if you have any questions about the contents of this Supplement. Additional information about this Financial Advisor is available on the SEC’s website at www.adviserinfo.sec.gov. Item 2 – Business Experience and Educational Background CRD #: 2561791 Year of Birth: 1970 Education: University of Vermont, BS in Small Business Management, 1993 Business Experience: July 2022 to Present Financial Advisor, B. Riley Wealth Advisors Registered Representative, B. Riley Wealth Management January 2007 to July 2022 Financial Advisor, National Asset Management Registered Representative, National Securities Corp. Professional Designations: CRPC® – Chartered Retirement Plan Counselor Individuals who hold the CRPC® designation have completed a course of study encompassing pre- and postretirement needs, asset management, estate planning, and the entire retirement planning process using models and techniques from real client situations. Additionally, individuals must pass an end-of-course examination that tests their ability to synthesize complex concepts and apply theoretical concepts to real-life situations. All designees have agreed to adhere to Standards of Professional Conduct and are subject to a disciplinary process. Designees renew their designation every two years by completing 16 hours of continuing education, reaffirming adherence to the Standards of Professional Conduct and complying with selfdisclosure requirements. Item 3 – Disciplinary Information Mr. Sarner has no disciplinary actions to disclose. Item 4 – Other Business Activities Mr. Sarner uses the business name Sarner Wealth Management, LLC for marketing and/or tax purposes only but offers securities and investment advice through the registered broker-dealer and investment advisor described below. Mr. Sarner is a registered representative with B. Riley Wealth Management, Inc. (“BRWM”), member FINRA/SIPC, as well as an investment advisory representative (“IAR”) of B. Riley Wealth Advisors, Inc. (“BRWA”) and licensed to conduct business in this state. Registered representatives of BRWM provide securities brokerage services for commissions and receive a portion of the brokerage commissions paid to BRWM. They may also receive a portion of any ongoing distribution of service (trail) fees from the sale of mutual funds or from variable annuity purchases. The dual registration presents an inherent conflict of interest and an incentive to recommend investment products based on the compensation received, rather than on a client’s needs. However, in accordance with fiduciary duties of an IAR and as a matter of Firm procedure, IARs assist clients in making decisions regarding whether to establish a brokerage or an advisory account (and determine the types of transactions that will take place through each account if a client has both accounts) based on the clients’ goals, objectives, risk tolerance, and other factors. As a registered representative of BRWM, Mr. Sarner can only offer those products and services available through BRWM. Mr. Sarner will direct all your broker-dealer securities transactions through BRWM and will only offer advisory programs available through BRWA. This means that you may be able to receive better transaction pricing and execution at a different broker-dealer, and you may be able to receive a more appropriate advisory program from a different registered investment advisor. Mr. Sarner is a licensed insurance agent with various insurance companies (a complete list will be provided upon request) through B. Riley Wealth Insurance. Mr. Sarner is authorized to offer and sell some or all of the following insurance products: fixed life & annuities, disability, long term care, and employer benefit products. If you purchase an insurance product, the insurance company will pay Mr. Sarner a commission and/or other fees. All such payments are separate from and in addition to the advisory fee. Item 5 – Additional Compensation As an SEC-registered Investment Adviser, BRWA pays Mr. Sarner a portion of any investment advisory fees collected. As a Broker-Dealer, BRWM pays Mr. Sarner a portion of any commissions, markups and transaction charges collected, but only on non-advisory assets. Other than normal production bonuses, Mr. Sarner does not receive additional compensation based on the amount of new accounts or client referrals. Item 6 – Supervision BRWA provides investment advisory and supervisory services in accordance with the BRWA Policies and Procedures. Each advisor associated with BRWA has been assigned a supervising principal. The supervising principal, or any properly documented qualified designee, is responsible for undertaking the day-to-day supervision of the advisor’s activities. Supervising principals have primary responsibility to review and approve the account activities of the advisors assigned to them and may counsel with the Compliance Department to address perceived issues as deemed appropriate. The Compliance & Supervision Departments also provide additional oversight functions, as necessary. Each BRWA advisor must acknowledge that he or she is aware of and agrees to abide by all applicable government and industry regulations as well as the BRWA Code of Ethics. Peter Beljakovic, Regional Supervisory Officer, has primary responsibility for the supervision of Mr. Sarner and may be reached at 732-924-6176.