Siebert Financial Corp. (SIEB): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind Siebert Financial Corp. (SIEB) and how it operates in the financial world? With a 17% increase in revenue, reaching $83.9 million in 2024, and a 57% surge in earnings per share to $0.33, Siebert Financial Corp. has demonstrated impressive growth. Keep reading to explore its history, ownership structure, mission, and the mechanics of its business model, uncovering what makes it tick and how it generates revenue.

Siebert Financial Corp. (SIEB) History

Siebert Financial Corp.'s Founding Timeline

Year established

The company was established in 1967.

Original location

The original location was in New York.

Founding team members

The company was founded by Muriel Siebert, who became the first woman to own a seat on the New York Stock Exchange.

Initial capital/funding

Muriel Siebert bought her seat for $445,000 in 1967 (equivalent to about $3.9 million in 2024).

Siebert Financial Corp.'s Evolution Milestones

Siebert Financial Corp.'s Transformative Moments

• Breaking Gender Barriers: Muriel Siebert's purchase of a seat on the New York Stock Exchange in 1967 was a watershed moment, challenging the male-dominated financial industry and inspiring future generations of women in finance.
• Navigating Deregulation: The elimination of fixed brokerage commissions in 1975 forced the company to adapt to a more competitive landscape, driving innovation and efficiency in its operations.
• Strategic Acquisitions: The acquisition of the discount brokerage unit of National Securities Corp. in 2011 significantly expanded the company's reach and service capabilities, positioning it for future growth.
• Leadership Transitions: The appointment of Gloria E. Gebbia as CEO in 2016 marked a strategic shift towards modernizing the company and leveraging new technologies to enhance customer experience and operational efficiency.

To gain a deeper understanding of the company's guiding principles, explore Mission Statement, Vision, & Core Values of Siebert Financial Corp. (SIEB).

Siebert Financial Corp. (SIEB) Ownership Structure

Siebert Financial Corp. has a multi-layered ownership structure that includes individual shareholders, institutional investors, and potentially company insiders. Understanding this structure is key to grasping the distribution of power and influence within the organization.

Siebert Financial Corp.'s Current Status

Siebert Financial Corp. is a publicly traded company, meaning its shares are available for purchase on the open market. It operates under the ticker symbol SIEB.

Siebert Financial Corp.'s Ownership Breakdown

The ownership of Siebert Financial Corp. is distributed among various types of shareholders. While precise, up-to-the-minute ownership percentages can fluctuate due to market activity, here’s a general overview based on the most recent filings and available data:

Siebert Financial Corp.'s Leadership

The leadership team is responsible for the strategic direction and operational management of the company. Here are some of the key figures:

• Gloria E. Gebbia: President and Chief Executive Officer.
• Andrew Reich: Chief Financial Officer.

Examining the financial health of Siebert Financial Corp. provides additional insights into the company's stability and growth potential. For a detailed analysis, check out: Breaking Down Siebert Financial Corp. (SIEB) Financial Health: Key Insights for Investors

Siebert Financial Corp. (SIEB) Mission and Values

Siebert Financial Corp. aims to deliver comprehensive financial solutions with integrity and a commitment to client success, while also fostering a diverse and inclusive environment.

Siebert Financial Corp.'s Core Purpose

Official mission statement

While an exact, formally published mission statement for Siebert Financial Corporation is not readily available, inferences about the company's mission can be drawn from its activities, history, and public statements. Based on available information, the mission can be understood as:

• To provide a comprehensive suite of financial services, including brokerage, investment advisory, and corporate finance, to a diverse client base.
• To uphold the principles of integrity, transparency, and client-centric service in all business operations.
• To foster a diverse and inclusive workplace, promoting opportunities for women and minorities in the financial industry.
• To leverage innovation and technology to enhance service delivery and client experience.
• To create long-term value for shareholders through sustainable growth and responsible financial management.

For more in-depth insights into the company's investors, see: Exploring Siebert Financial Corp. (SIEB) Investor Profile: Who’s Buying and Why?

Vision statement

Similar to the mission statement, a specific, officially declared vision statement for Siebert Financial Corporation is not publicly available. However, the vision can be interpreted from the company's strategic goals and long-term aspirations:

• To be a leading independent financial services firm recognized for its commitment to client success and ethical practices.
• To expand its market presence and service offerings through strategic acquisitions and partnerships.
• To be at the forefront of innovation in the financial industry, utilizing technology to deliver superior value to clients.
• To be a champion of diversity and inclusion, setting an example for the industry and creating opportunities for underrepresented groups.
• To achieve sustainable growth and profitability, delivering long-term value to shareholders and contributing to the economic well-being of the communities it serves.

Company slogan/tagline

There is no official slogan or tagline is available for Siebert Financial Corp. Publicly available sources do not provide a specific, consistently used slogan or tagline for the company.

Siebert Financial Corp. (SIEB) How It Works

Siebert Financial Corp. (SIEB), through its subsidiaries, operates as a financial services company, providing a range of brokerage and investment advisory services.

Siebert Financial Corp.'s Product/Service Portfolio

Siebert Financial Corp.'s Operational Framework

Siebert Financial Corp. operates through several key divisions to deliver its range of financial services. The company generates revenue primarily through:

• Commissions: From executing trades for brokerage clients.
• Advisory Fees: Based on assets under management and financial planning services.
• Underwriting Fees: Earned from assisting companies in raising capital.
• Interest Income: From margin lending and other credit facilities.

The company focuses on leveraging technology to provide efficient and cost-effective services, while also maintaining a personalized approach through its advisory services. Regulatory compliance and risk management are integral to their operations, ensuring adherence to industry standards and protecting client assets.

Siebert Financial Corp.'s Strategic Advantages

Siebert Financial Corp. maintains several strategic advantages that contribute to its competitive positioning:

• Brand Reputation: Siebert Financial has a long-standing history in the financial services industry, contributing to a trusted brand image.
• Diversified Revenue Streams: Revenue is generated across various business lines including brokerage, advisory services, and corporate advisory, reducing dependence on any single market.
• Technology Platform: Investment in technology provides a scalable platform for growth and enhances client experience through online and mobile access.
• Strategic Partnerships: Alliances with other financial institutions and service providers expand the company’s reach and service offerings.

To gain more insights into the investors profile, check this out: Exploring Siebert Financial Corp. (SIEB) Investor Profile: Who’s Buying and Why?

Siebert Financial Corp. (SIEB) How It Makes Money

Siebert Financial Corp. primarily generates revenue through providing financial services, including retail brokerage, investment banking, and advisory services.

Siebert Financial Corp.'s Revenue Breakdown

Siebert Financial Corp.'s Business Economics

Siebert Financial Corp.'s business economics are influenced by market conditions, trading volumes, and the demand for investment banking and advisory services. The company's profitability is closely tied to the overall health of the financial markets and its ability to attract and retain clients.

• Pricing Strategy: Competitive commission rates and fee structures to attract a broad client base.
• Economic Drivers: Market volatility, interest rates, and regulatory changes significantly impact revenue streams.
• Client Base: Mix of retail investors, corporate clients, and institutional investors.

Siebert Financial Corp.'s Financial Performance

Siebert Financial Corp.'s financial performance can be gauged through several key metrics. Monitoring these metrics provides insights into the company’s operational efficiency and overall financial health.

• Revenue Growth: The company has experienced revenue growth in its investment banking and advisory service segments, driven by increased deal flow and client activity.
• Net Income: Net income has fluctuated due to market volatility and changes in trading volumes.
• Key Metrics (2024 Fiscal Year):
  • Total Revenue: Approximately $75 million.
  • Net Income: Approximately $5 million.
  • Operating Margin: Around 8%.

More insights about the company can be found here: Mission Statement, Vision, & Core Values of Siebert Financial Corp. (SIEB).

Siebert Financial Corp. (SIEB) Market Position & Future Outlook

Siebert Financial Corp. is strategically positioned to capitalize on emerging market trends, though it faces challenges inherent in the financial services sector. Its future hinges on adapting to regulatory changes, leveraging technological advancements, and maintaining a competitive edge in a dynamic market.

Competitive Landscape

The following table provides a snapshot of the competitive landscape, illustrating market share and key advantages of Siebert Financial and its main competitors.

Opportunities & Challenges

Siebert Financial, like any firm, encounters a blend of opportunities and risks that define its operational environment. Grasping these elements is essential for stakeholders to understand the company's possible path and difficulties.

Industry Position

Siebert Financial Corp. occupies a unique position within the financial services industry, characterized by its history as a woman-owned business and its focus on serving women and minority-owned enterprises.

• The company's comprehensive suite of services, including retail brokerage, investment banking, and wealth management, allows it to cater to a diverse clientele.
• However, it operates in a highly competitive landscape dominated by larger firms with greater resources and broader market reach.
• Siebert Financial's success depends on its ability to differentiate itself through personalized service, niche market focus, and strategic partnerships.

To gain more insights into the company's financial stability, consider reading Breaking Down Siebert Financial Corp. (SIEB) Financial Health: Key Insights for Investors.