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The Marygold Companies, Inc. (symbol: MGLD) is a diversified multinational conglomerate with a strategic focus on identifying, acquiring, and managing profitable and undervalued companies across various sectors. Established in 1996 as a small technology firm under the name Concierge Technologies, Inc., the company underwent significant transformation and rebranded to The Marygold Companies in 2022.
Today, The Marygold Companies operates through several key subsidiaries:
- Marygold & Co.: A fintech mobile banking app that provides an innovative platform for financial management, including tax filing, investment, and spending solutions. The app is available for free on both Android and iOS, offering services such as fee-free spending accounts and Money Pool investment accounts.
- USCF Investments: A leader in financial services offering investment management and advisory services.
- Gourmet Foods: Specializes in the manufacture of high-quality food products, catering to diverse culinary preferences.
- Printstock Products: Engages in printing and packaging solutions, serving a broad range of industries.
- Brigadier Security Systems: Provides advanced security system installations and services to ensure safety and security.
- Original Sprout: A beauty products company known for its eco-friendly and safe personal care products.
The company's mission, encapsulated in its motto “Growing Together,” emphasizes the creation of unity among its subsidiaries, the parent company, and its shareholders. This vision is supported by robust business practices aimed at generating consistent revenue streams and increasing shareholder value. The Marygold Companies' stock is listed on the NYSE American under the ticker symbol MGLD.
Recently, The Marygold Companies made headlines with its subsidiary Marygold & Co. partnering with the AI-driven tax firm april to offer free tax filing services within its app. This strategic move aims to enhance client experience by providing a comprehensive financial management solution under one platform. The app’s integration of AI-driven tax filing ensures maximum refunds for users, reinforcing the company’s commitment to innovation and client satisfaction.
The Marygold Companies, Inc. (NYSE American: MGLD) announced the acquisition of Step-By-Step Financial Planners , a UK-based investment advisory firm with approximately US$33.7 million in assets under management. This marks the second acquisition by Marygold & Co. (UK) and aligns with the company's strategy of expanding its global financial services and fintech presence. The acquisition aims to provide multi-channel financial services, including a new fintech app set to launch in the UK later this year.