# Siebert partners with FusionIQ to enhance digital wealth platform

NEW YORK - Siebert Financial Corp. (NASDAQ:SIEB), a $209 million market cap financial services company that has delivered an impressive 177% return over the past year according to InvestingPro, announced Wednesday a strategic partnership with FusionIQ to enhance its digital wealth management offerings.

Under the agreement, Siebert will implement FusionIQ’s cloud-native technology to streamline investment workflows and expand digital capabilities across its client base. The partnership will enable Siebert to offer modular solutions including hybrid advice, self-directed investing, and multi-custodian integration.

"This partnership marks a pivotal step in reshaping our digital footprint," said John J. Gebbia, Chief Executive Officer of Siebert Financial Corp.

John Kimbro, CTO of FusionIQ, stated that the partnership supports their "shared mission to deliver financial freedom to everyone through intuitive, scalable tools."

Siebert Financial Corp., a member of the NYSE since 1967, provides brokerage and financial advisory services through its subsidiaries. The company offers securities brokerage, investment advisory services, insurance offerings, securities lending, and corporate stock plan administration solutions.

The financial terms of the partnership were not disclosed in the press release statement.

This development aligns with Siebert’s broader strategy to prioritize technology investment and strategic alliances to enhance client services, particularly for next-generation investors seeking digital-first financial solutions. InvestingPro analysis shows the company maintains a "GREAT" Financial Health Score, with 6 additional ProTips available to subscribers, highlighting its solid position for future growth initiatives.

In other recent news, Siebert Financial Corp. announced the effectiveness of its shelf registration statement, allowing the company to potentially raise up to $100 million through the sale of various securities. This capital raise aims to support strategic initiatives, including potential acquisitions and investments in digital assets and AI technology services. Additionally, Siebert Financial has appointed Fredrick Scuteri as the Chief Operating Officer of its broker-dealer subsidiary, Muriel Siebert & Co., LLC. Scuteri’s extensive experience in institutional trading and asset management is expected to enhance the company’s operational capabilities and modernize its trading platform. In another development, Siebert Financial filed an amendment to its auditor’s consent with the SEC, updating the date and references in the original consent without affecting any financial results or disclosures. This procedural update underscores the company’s commitment to maintaining accurate financial reporting. Meanwhile, INX Ltd, a company specializing in crypto assets, submitted its annual financial report to the SEC, detailing its financial performance and strategic direction. The report is available as part of the SEC filing, although specific financial figures were not disclosed.

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