Welcome to our dedicated page for Siebert Financial news (Ticker: SIEB), a resource for investors and traders seeking the latest updates and insights on Siebert Financial stock.
Siebert Financial Corp (NASDAQ: SIEB) is a well-established holding company with a history spanning over 45 years. Known for its conservative business principles and a steadfast commitment to safety, Siebert Financial serves a diverse clientele, including self-directed individual investors, corporate entities, and institutional clients. At the heart of its operations is Muriel Siebert & Co., Inc., a fully-owned subsidiary renowned for its exceptional personal service and proven performance in the financial sector.
As a comprehensive brokerage firm, Siebert Financial Corp offers a wide array of services. These include both online and traditional brokerage options, catering to retail investors who seek to manage their portfolios with flexibility and control. Additionally, the firm acts as an investment advisor through its subsidiary, providing expert guidance to help clients achieve their financial goals.
In the ever-evolving landscape of financial services, Siebert Financial Corp has expanded its offerings through various subsidiaries. These ventures encompass securities brokerage, asset management, insurance services, Robo-advisory technology, and Prime brokerage business. This diversification ensures that the company remains at the forefront of industry innovations while continuing to meet the diverse needs of its clientele.
Siebert Financial Corp is distinguished by its status as a certified Women’s Business Enterprise. This recognition underscores the company's commitment to inclusivity and excellence. Clients can expect the personalized attention of a boutique firm, combined with the stability and resources of a world-class brokerage. The company prides itself on offering one fair commission charge with no hidden fees, ensuring transparency and value for its clients.
For more information about Siebert Financial Corp and its extensive range of products and services, potential clients and investors are encouraged to visit www.siebertnet.com.
RISE Financial Services has announced its acquisition of a 20% stake in Hedge Connection, a woman-owned FinTech platform specializing in capital introductions. Lisa Vioni, CEO of Hedge Connection, is appointed President of RISE Prime and joins RISE's Board. The collaboration aims to enhance ESG initiatives and democratize capital access for hedge fund managers using the patented Fintroz platform. This strategic move positions RISE to efficiently scale its capital introduction program, catering to institutional investors.
Siebert Financial Corp. (NASDAQ: SIEB) has successfully acquired a 12,000-square-foot office building at 653 Collins Avenue, Miami Beach, to house the primary operations of its RISE Prime division. This strategic purchase highlights Siebert's commitment to expanding its presence in the Greater Miami area, where it has been operational for three years. The new location will support its mission-driven ESG initiatives, catering to a diverse investor community and enhancing modern financial services.
Siebert Financial Corp. (NASDAQ: SIEB) has rebranded its subsidiary, WPS Prime Services, to RISE Financial Services, focusing on ESG initiatives for institutional investors. The company acquired 24% of Tigress Financial Partners, which now also owns 24% of RISE, facilitating collaboration in DEI and ESG efforts. Cynthia DiBartolo joins Siebert's Board, while Gloria E. Gebbia takes a position at Tigress, enhancing leadership diversity. This strategic move aims to modernize offerings and enhance partnerships in the financial services sector.
Siebert Financial Corp. (SIEB) reported impressive third-quarter results for 2021, highlighting a 36% increase in revenue to
Siebert Financial Corp. (NASDAQ: SIEB) has appointed Gateway Group, Inc. to manage its enhanced investor relations program. This partnership aims to refine corporate messaging and expand outreach, targeting institutional investors and analysts. Gloria E. Gebbia emphasized the necessity of modernizing offerings while upholding Siebert's legacy, especially following a recent alliance with Tigress Financial Partners. This strategic move is seen as timely due to strong growth, with Siebert positioning itself for further success in meeting evolving client needs.
Siebert Financial Corp. (NASDAQ: SIEB) reported a strong second quarter for 2021, achieving revenue of $16.8 million, a 33% increase year-over-year. Pre-tax income surged 291% to $1.9 million, with a pre-tax margin of 11.4% compared to 3.9% last year. Earnings per share also improved to $0.05 from $0.02. Retail customer net worth rose to $16.0 billion, up from $14.6 billion at the end of 2020. The results reflect successful strategic initiatives, particularly in the Securities Finance and Market Making divisions, which saw revenue increases of 191% and 186%, respectively.
Siebert Financial Corp. (SIEB) reported a **28% revenue increase** to **$18.9 million** in Q1 2021, compared to the same period in 2020. The operating income reached **$3.0 million**, with earnings per share of **$0.07**. The company attributed its growth to strategic acquisitions and enhanced clearing capabilities, particularly in the Securities Finance Group, which generated **$1.8 million** in revenue. Siebert also plans to expand its clearing services by Q4 2021.
Siebert Financial Corp. (NASDAQ: SIEB) reported a strong financial performance for 2020, with revenues of $54.9 million and net income of $3.0 million, marking basic and diluted earnings per share at $0.10. Significant growth was driven by WPS Prime Services, which increased revenue by 15%. The acquisition of WPS and recent hires from JPMorgan Chase & Co. are expected to enhance the Securities Finance Group. Additionally, Siebert's investment in OpenHand introduces a zero-commission trading platform, aimed at expanding its offerings for modern investors.
Siebert Financial Corp. (NASDAQ: SIEB) has announced the hiring of Anthony Palmeri and Jerry Losurdo to lead its Securities Finance Group at Muriel Siebert & Co., Inc. The new leaders bring a combined 75 years of experience from JPMorgan Chase & Co. and TD Prime Services. Palmeri expressed excitement about expanding the division's potential, while Losurdo highlighted Siebert's entrepreneurial spirit. Additionally, each was issued 150,000 shares of restricted common stock as part of their employment agreements, with a value of approximately $400,000 each, tied to the company's growth strategy.
On July 21, 2020, Siebert Financial Corp. (NASDAQ: SIEB) announced the integration of Carver Edison's Cashless Participation™ technology into its stock plan services. This innovative feature allows employees to increase their company stock ownership by 50% to 150% without additional payroll deductions. Siebert aims to enhance employee ownership and deliver value to shareholders. The partnership reflects Siebert's commitment to fulfilling the legacy of Muriel Siebert, promoting financial inclusion and philanthropic initiatives related to the technology.
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