M&A - SIEBERT FINANCIAL CORP

Form Type: 10-K

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: New

Accession Number: 000101376225004385

Filing Summary: Siebert Financial Corp. has established a diversified financial services firm with a focus on brokerage and financial advisory services, as well as corporate stock plan administration. For the fiscal year ended December 31, 2024, the company reported a strong performance and strategic growth initiatives, including an acquisition in the media and entertainment sector aimed at enhancing service offerings. The firm operates through various subsidiaries, including Muriel Siebert & Co., LLC, which provides retail brokerage services, and Siebert AdvisorNXT, LLC, offering investment advisory services. Recent efforts underscore a commitment to innovation and technology including the establishment of an Investment Banking and Capital Markets division, alongside marketing enhancements targeting a younger clientele including athletes and artists. This includes recruitment of experienced professionals in capital markets and M&A, as well as the development of a new online retail platform. A shift towards utilizing advanced technology solutions is also emphasized in these strategic initiatives. The firm continues to face competitive pressures from both traditional and digital financial services firms while also navigating extensive regulatory environments inherent to the brokerage industry.

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