Siebert Financial Corp. Announces Preliminary Inclusion in the Russell Index

Core Points - Siebert Financial Corp. has been included in the 2025 Preliminary Russell U.S. Indexes reconstitution, effective after U.S. market closing on May 23, 2025, with the new indexes taking effect after market close on June 27, 2025 [1] - The inclusion in the Russell Index is seen as a recognition of Siebert's strategic progress and innovation aimed at building lasting value for the next generation of investors [2] - As of June 2024, approximately $10.6 trillion in assets are benchmarked against the Russell U.S. Indexes, which are maintained by FTSE Russell, a leading global index provider [2] Company Overview - Siebert Financial Corp. is a diversified financial services company and has been a member of the NYSE since 1967, when Muriel Siebert became the first woman to own a seat on the NYSE [3] - The company operates through various subsidiaries, providing a full range of brokerage and financial advisory services, including securities brokerage, investment advisory, insurance offerings, and corporate stock plan administration [4] - Siebert has a history of valuing its clients, shareholders, and employees for over 55 years [4] Industry Context - FTSE Russell is a global leader in index provision, calculating thousands of indexes that measure and benchmark markets and asset classes in over 70 countries, covering 98% of the investable market globally [5] - Approximately $18.1 trillion is benchmarked to FTSE Russell indexes, which are widely used by institutional and retail investors for performance benchmarking and investment product creation [5]