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  <xs:element id="rily_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfRetirementEligibleDirectors" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfRetirementEligibleDirectors" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rily_SubsidiaryOwnershipPercentageNoncontrollingOwnerVestingTerms" abstract="false" name="SubsidiaryOwnershipPercentageNoncontrollingOwnerVestingTerms" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="rily_SeriesACumulativePreferredStockMember" abstract="true" name="SeriesACumulativePreferredStockMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_SeriesBCumulativePreferredStockMember" abstract="true" name="SeriesBCumulativePreferredStockMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_GainLossOnSettlementOfWarrants" abstract="false" name="GainLossOnSettlementOfWarrants" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rily_ClassOfWarrantOrRightNumberOfSharesIssuedOnExercise" abstract="false" name="ClassOfWarrantOrRightNumberOfSharesIssuedOnExercise" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rily_PreferredDividendDefaultNumberOfAdditionalSeats" abstract="false" name="PreferredDividendDefaultNumberOfAdditionalSeats" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rily_PreferredDividendDefaultElectionDuration" abstract="false" name="PreferredDividendDefaultElectionDuration" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="rily_BrokerDealerNetCapitalRequirementTable" abstract="true" name="BrokerDealerNetCapitalRequirementTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="rily_BRileySecuritiesMember" abstract="true" name="BRileySecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_BRileyWealthManagementMember" abstract="true" name="BRileyWealthManagementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_BrokerDealerNetCapitalRequirementLineItems" abstract="true" name="BrokerDealerNetCapitalRequirementLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="rily_WhitehawkMember" abstract="true" name="WhitehawkMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_BabcockAndWilcoxMember" abstract="true" name="BabcockAndWilcoxMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_GAJoannRetailPartnershipLLCMember" abstract="true" name="GAJoannRetailPartnershipLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_BRFinancialMember" abstract="true" name="BRFinancialMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_NumberOfSubsidiaries" abstract="false" name="NumberOfSubsidiaries" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rily_ServiceAgreementTermination" abstract="false" name="ServiceAgreementTermination" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="rily_ServiceFees" abstract="false" name="ServiceFees" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rily_ManagementConsultingServicesDuration" abstract="false" name="ManagementConsultingServicesDuration" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="rily_ManagementConsultingServicesMonthlyPayments" abstract="false" name="ManagementConsultingServicesMonthlyPayments" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rily_UnderwritingAndFinancialAdvisoryFees" abstract="false" name="UnderwritingAndFinancialAdvisoryFees" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rily_LoansReceivableFairValueAdjustment" abstract="false" name="LoansReceivableFairValueAdjustment" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rily_LoansReceivableFairValueDisclosureRemaining" abstract="false" name="LoansReceivableFairValueDisclosureRemaining" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rily_ReportableSegmentsMember" abstract="true" name="ReportableSegmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_SalesOfGoodsMember" abstract="true" name="SalesOfGoodsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_CommunicationsSegmentMember" abstract="true" name="CommunicationsSegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_DepreciationDepletionAndAmortizationAdjusted" abstract="false" name="DepreciationDepletionAndAmortizationAdjusted" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rily_GainOnSeniorNoteExchange" abstract="false" name="GainOnSeniorNoteExchange" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rily_EuropeMiddleEastAndAfricaMember" abstract="true" name="EuropeMiddleEastAndAfricaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_TradingGainsLossesOnInvestmentsMember" abstract="true" name="TradingGainsLossesOnInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_SorrentoTherapeuticsInc.Member" abstract="true" name="SorrentoTherapeuticsInc.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_April2025WrittenPutAgreementMember" abstract="true" name="April2025WrittenPutAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_September2025WrittenPutAgreementMember" abstract="true" name="September2025WrittenPutAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rily_CreditAgreementQuarterlyPayableCashPercentage" abstract="false" name="CreditAgreementQuarterlyPayableCashPercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="rily_CreditAgreementQuarterlyPayablePennyWarrantPercentage" abstract="false" name="CreditAgreementQuarterlyPayablePennyWarrantPercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="rily_IndemnityAmount" abstract="false" name="IndemnityAmount" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rily_NumberOfWrittenPutAgreements" abstract="false" name="NumberOfWrittenPutAgreements" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rily_PaymentsForOtherCommitment" abstract="false" name="PaymentsForOtherCommitment" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rily_SaleOfStockConversionLimitationPercent" abstract="false" name="SaleOfStockConversionLimitationPercent" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
</xs:schema>
