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Siebert Financial Corp (NASDAQ: SIEB) maintains this dedicated news hub for investors and financial professionals tracking its diversified financial services operations. Access authoritative updates spanning corporate announcements, regulatory filings, and strategic developments from the New York-based firm renowned for retail brokerage services and institutional market solutions.
This resource consolidates all essential updates including quarterly earnings reports, leadership appointments, product innovations, and regulatory compliance matters. Users benefit from direct access to original press releases alongside curated analysis of developments impacting SIEB's brokerage, advisory, and capital markets divisions.
Key coverage areas reflect Siebert's operational focus: retail investor services updates, institutional capital markets activity, technology initiatives in robo-advisory platforms, and corporate governance developments. Content is vetted for accuracy and timeliness to support informed financial decision-making.
Bookmark this page for streamlined monitoring of Siebert Financial Corp's market position and strategic direction. Combine regular check-ins with SEC filings and investor relations materials for comprehensive understanding of SIEB's financial services ecosystem.
Siebert Financial Corp. (NASDAQ: SIEB) has appointed Fredrick Scuteri as Chief Operating Officer of its broker-dealer subsidiary Muriel Siebert & Co., LLC. Scuteri, who brings nearly 30 years of experience in institutional trading, asset management, and broker-dealer operations, will oversee operational functions, trading infrastructure, and platform modernization efforts.
Prior to joining Siebert, Scuteri served as COO of DriveWealth Institutional and held leadership positions at AQR Capital Management. His focus will be on implementing scalable tech solutions, streamlining workflows, and integrating AI-automation while maintaining client service quality. Scuteri holds FINRA Series 27 certification, degrees in Finance, an MBA from St. John's University, and certifications in Generative AI.
Siebert Financial Corp (NASDAQ: SIEB) has appointed Stefano Marrone as Chief Marketing Officer to lead marketing across all divisions including Siebert.Valor, Siebert.SPS, and Gebbia Media. Marrone, who previously led Siebert's successful 2024 rebrand as a consultant, brings experience from major financial institutions like J.P. Morgan, UBS Asset Management, and HSBC.
In his new role, Marrone will focus on combining media production with financial literacy initiatives, leveraging Gebbia Media's capabilities. His responsibilities include developing creative campaigns, implementing AI-driven marketing strategies, and enhancing brand development. The appointment aims to engage the next generation of investors while maintaining focus on veterans and military families through Siebert.Valor.
Siebert Financial Corp. (NASDAQ: SIEB) reported strong financial results for 2024, with revenue increasing 17% to $83.9 million from $71.5 million in 2023. The company achieved significant growth across key metrics, with commissions and fees up 32% to $9.6 million and stock borrow/stock loan revenue rising 19% to $19.2 million.
Net income per share grew 57% to $0.33, while retail customer net worth increased 13% to $18.0 billion. The company launched several strategic initiatives in 2024, including Siebert Investment Banking, Capital Markets Group, and Siebert.Valor for military service members. Notable appointments included Randy Billhardt as Head of Capital Markets and Four Star General Laura J. Richardson to the Advisory Board.
The company also acquired Gebbia Media and strengthened its Stock Plan Services leadership team. Despite revenue growth, operating income decreased slightly due to increased personnel costs related to new business lines and initiatives.
Siebert Financial Corp (Nasdaq: SIEB) has announced the appointment of General (Ret.) Laura J. Richardson to its Advisory Board. Richardson, the former Commander of U.S. Southern Command, brings nearly four decades of military service experience to the role.
As the 32nd Commander of SOUTHCOM, Richardson oversaw military operations across Central America, South America, and the Caribbean. Her previous roles included leading U.S. Army North, serving as Deputy Commanding General of U.S. Army Forces Command, and Chief of Army Legislative Liaison to Congress.
The appointment aligns with Siebert's strategy to expand financial services for veterans, military personnel, and underserved communities. Richardson joins other notable Advisory Board members, including recording artist Akon, NFL Pro Brandon Marshall, and Wall Street executives Mick Solimene and Steven Geskos.
Siebert Financial Corp. (NASDAQ: SIEB) has launched Siebert Investment Banking, appointing Kimberly Boulmetis and Ajay Asija as co-heads. The new division will focus on serving middle-market clients in financial services, FinTech, depository, and specialty finance, with plans to expand into blockchain and digital assets.
The division will leverage Siebert's retail distribution network and institutional channels to provide equity and debt financing solutions. Asija brings over 25 years of experience and has advised on transactions worth over $90 billion at firms including Lehman Brothers and J.P. Morgan. Boulmetis, formerly head of U.S. Financial Institutions at MUFG's DCM Group, specializes in debt capital markets and financial institutions advisory.
This strategic expansion complements Siebert's recently established Capital Markets Group, led by Randy Billhardt, aiming to provide boutique, high-touch service while utilizing the firm's broad distribution network.
Siebert Stock Plan Services (Siebert.SPS), a division of Siebert Financial Corp. (NASDAQ: SIEB), has announced the addition of two key industry experts to its leadership team. Daniel Coyle and Hunter Sattich have joined the company, bringing decades of combined experience in finance and equity compensation.
Sattich, a Certified Equity Professional with over 30 years of industry experience, specializes in streamlining equity plan processes and optimizing workflows. Coyle, with more than 20 years in finance and compensation, focuses on developing tailored strategies for public companies.
The appointments aim to enhance Siebert.SPS's ability to provide customized, high-touch equity compensation solutions for businesses of all sizes, particularly those underserved by larger providers. The company emphasizes its commitment to offering personalized services that larger consolidated providers cannot match.
Siebert Financial Corp. (NASDAQ: SIEB) has announced the launch of its new Capital Markets Group, marking a strategic expansion into institutional markets. The company has appointed Randy Billhardt, a Wall Street executive with over 30 years of experience, as Head of Capital Markets Group.
Billhardt, formerly with B. Riley Financial, brings significant expertise in capital markets, having led more than 50 debt offerings and raised over $4 billion for firms including Atlanticus, Xoma, Harrow, B&W and Alta Group. Under his leadership, the division will focus on leveraging Siebert's retail distribution network to deliver innovative financial products and strengthen institutional capabilities.
CEO John Gebbia Senior indicated that the company plans to enhance its offerings with IPO underwriting, secondary offerings, and baby bonds. The initiative follows Siebert's expansion in 2024 and aims to create financial solutions for individuals, institutions, and brokers.
Siebert Financial Corp. (NASDAQ: SIEB) has launched Siebert.Valor, a FinTech initiative focused on providing financial education and investment services to Active Duty Military, Veterans, Law Enforcement, and First Responders. The initiative stems from Siebert's acquisition of Guild Financial, a platform dedicated to the military community.
Kaj Larsen, Guild Financial's co-founder, will lead Siebert.Valor and join Gebbia Entertainment, a Siebert Financial subsidiary focused on producing financial education content. The platform pre-launched during Fleet Week Miami, featuring events including financial literacy talks on the USS Bataan and Beach Olympics.
The initiative combines Siebert's financial expertise with Guild's innovative approach to investing and education, aiming to democratize wealth-building for service members and their families.
Siebert Financial Corp (NASDAQ: SIEB) has appointed Greg Murphy as Senior Vice President of New Business Development. Murphy, with over 25 years of financial sales and leadership experience from companies like Alliance and Bernstein, Invesco, and Franklin Templeton, will lead asset growth efforts and work with Siebert's Media and Entertainment group. The appointment aligns with Siebert's goals of expanding assets under management and enhancing client services. Founded by Muriel Siebert, the first woman to hold a NYSE seat, the company continues its tradition of innovation in financial services.
Siebert Financial Corp. (NASDAQ: SIEB) reported strong Q3 2024 financial results with revenue increasing 25% to $22.6 million and operating income rising 13% to $4.8 million compared to Q3 2023. The company saw significant growth in stock borrow/stock loan revenue, up 44% to $5.8 million, while retail customer net worth increased 10% to $17.5 billion. Notable developments include the acquisition of Gebbia Entertainment and securing a $20 million revolving credit facility with East West Bank, supporting strategic growth initiatives and expansion efforts.
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