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Globe and Mail
01-07-2025
- Business
- Globe and Mail
Siebert Financial Joins Russell 2000 Index, Strengthens Growth Strategy with Tech Investments
NEW YORK and MIAMI, July 01, 2025 (GLOBE NEWSWIRE) -- Siebert Financial Corp. (NASDAQ: SIEB) today announced its inclusion in the Russell 2000 Index, effective after the U.S. market closed on June 27, 2025, following the annual Russell U.S. Indexes reconstitution. The milestone aligns with Siebert's aggressive push into technology and financial innovation. In June, the company launched an at-the-market (ATM) offering of up to $50 million to support strategic initiatives, including AI, digital assets, and potential acquisitions. In the same month, Siebert deepened its tech strategy through a key investment in FusionIQ, enabling modular, digital wealth solutions for its advisors and clients. John J. Gebbia, Chief Executive Officer of Siebert Financial Corp., said: 'Inclusion in the Russell 2000 reflects our ongoing strategic transformation. We're deploying new capital, investing in AI and digital assets, and forming lasting partnerships to achieve this goal. Siebert is constantly evolving to be ready for what's next.' Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. About Siebert Financial Corp. Siebert is a diversified financial services company and has been a member of the NYSE since 1967, when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms. Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, StockCross Digital Solutions, Ltd, and Gebbia Media LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions, in addition to entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at About FTSE Russell FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. For more information, visit FTSE Russell. Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words "may," "could," "would," "should," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," "intend" and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert's business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A - Risk Factors of Siebert's Annual Report on Form 10-K for the year ended December 31, 2024, and Siebert's filings with the SEC. Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws.
Yahoo
12-06-2025
- Business
- Yahoo
Siebert invests in wealth management platform FusionIQ
Diversified financial services company Siebert Financial has invested in FusionIQ, a cloud-native digital wealth management platform. Siebert has also entered a 'strategic partnership' with FusionIQ. This collaboration will integrate FusionIQ's technology into Siebert's operations, aiming to improve its digital services and simplify investment workflows. The alliance is part of Siebert's ongoing strategy to focus on technology investments and establish partnerships that enhance client service. FusionIQ CEO Eric Noll said: 'Our partnership with Siebert Financial Corp. reflects a shared vision for the future of wealth management and investing tools—one that is inclusive, digital, and built for the next generation of investors. 'With their forward-looking leadership and deep client relationships, Siebert is uniquely positioned to help us expand access to modern investing solutions.' The collaboration will allow Siebert to provide a range of solutions, including hybrid advice, self-directed investing, and multi-custodian integration. Siebert CEO John Kimbro said: 'We're thrilled to integrate FusionIQ's leading digital wealth management solutions with Siebert's client offerings. 'This partnership supports our shared mission to deliver financial freedom to everyone—through intuitive, scalable tools that meet each investor's unique needs.' Siebert operates through various subsidiaries, including Muriel Siebert and Siebert AdvisorNXT. It offers a comprehensive suite of brokerage and financial advisory services, which encompass securities brokerage, investment advisory, insurance offerings, and corporate stock plan administration, alongside entertainment and media production services. In February this year, the firm established Siebert Investment Banking to cater to middle-market clients. The division is led by Kimberly Boulmetis and Ajay Asija. Initially, Siebert Investment Banking will focus on providing customised solutions for underserved companies in financial services, including FinTech, depository, and specialty finance, with plans to expand into blockchain, digital assets, and other sectors in the future. "Siebert invests in wealth management platform FusionIQ" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
