Siebert Financial Corp. (SIEB)

Overview

Siebert Financial Corp. operates within the financial sector, offering a diverse range of services that cater to both individuals and institutions in the United States and internationally. Engaging primarily in the discount brokerage and investment advisory sectors, the company has developed a comprehensive suite of financial services aimed at fulfilling the various needs of its clients. Founded in 1934 and with its headquarters in Miami Beach, Florida, Siebert Financial Corp. has evolved over the decades to include a wide array of financial tools and products. Originally a subsidiary of Kennedy Cabot Acquisition, LLC, the company has established itself as a standalone entity with a notable presence in the financial industry. With 12 branch offices throughout the United States, Siebert Financial Corp. leverages its physical and digital presence to reach a broad client base, offering specialized financial solutions and advisory services.

Products and Services

• Discount Brokerage Services:

  Includes self-directed trading allowing clients to make their own trading decisions without financial advice, and wealth management for those seeking guided financial planning and investment strategies. Also offers financial advice tailored to individual client needs, stock borrow, and equity compensation plans, catering to a range of investment preferences and objectives.

• Market Making and Fixed Income Investment:

  Provides liquidity and stability in the financial markets through market making services, and opportunities for clients to invest in fixed-income securities, such as bonds, to ensure steady returns and reduce portfolio risk.

• Independent Retail Execution Services:

  Offers execution services for retail traders, emphasizing efficient trade execution, transparency, and fair pricing.

• Retail Customer Services:

  Focused on addressing the needs of retail customers with a suite of services designed to enhance customer experience and support.

• Self-Directed Retirement Accounts:

  Facilitates the setting up and management of retirement accounts that allow clients to have direct control over their investment choices, suitable for planning long-term retirement savings.

• Securities Lending:

  Offers clients the opportunity to lend out their securities in exchange for potential income, adding another layer of investment strategy.

• Data Technology Platform:

  Features a comprehensive suite of services, including email and messaging, market data systems, third-party trading systems, business productivity tools, and customer relationship management systems to support clients’ investing and trading activities.

• Robo-Advisor Platform:

  Provides an automated wealth management solution for clients seeking a hands-off approach to investing, leveraging algorithms and modern portfolio theory to manage investments efficiently.

• Insurance Products:

  Offers a variety of insurance products ranging from fixed annuities, personal insurance, property and casualty insurance, to natural disaster insurance, and life and disability insurance, helping clients manage and mitigate risks.