Siebert Financial Joins Russell 2000 Index, Strengthens Growth Strategy with Tech Investments

Core Insights - Siebert Financial Corp. has been included in the Russell 2000 Index, effective after the U.S. market closed on June 27, 2025, following the annual reconstitution of the Russell U.S. Indexes [1][3] - The inclusion reflects Siebert's strategic transformation and its focus on technology and financial innovation, including a recent $50 million at-the-market offering to support initiatives in AI, digital assets, and potential acquisitions [2][3] - The company has made a significant investment in FusionIQ to enhance its technology strategy, providing modular digital wealth solutions for advisors and clients [2][3] Company Overview - Siebert Financial Corp. is a diversified financial services company, a member of the NYSE since 1967, and was founded by Muriel Siebert, the first woman to own a seat on the NYSE [4][5] - The company operates through various subsidiaries, offering a full range of brokerage and financial advisory services, including securities brokerage, investment advisory, and insurance offerings [5] Industry Context - Russell indexes are widely utilized by investment managers and institutional investors for index funds and as benchmarks for active investment strategies, with approximately $10.6 trillion in assets benchmarked against the Russell U.S. indexes as of June 2024 [3] - FTSE Russell, the global index provider, calculates thousands of indexes that cover 98% of the investable market globally, with about $18.1 trillion benchmarked to its indexes [6]