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Siebert Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-12 22:45
Core Insights - Siebert Financial Corp. reported a 19% increase in revenue to $26.8 million for Q3 2025 compared to the same quarter last year [7] - The company is focusing on scaling quickly and diversifying its offerings, including launching Digital Assets Research and renewing its clearing agreement with NFS for another five years [3][7] Financial Performance - Revenue increased by 19% to $26.8 million compared to the prior-year quarter [7] - Principal transactions rose by 9.7% to $4.6 million [7] - Stock borrow/loan activities surged by 73.7% to $10.0 million [7] - Advisory fees increased by 32.1% to $0.8 million [7] - Operating income decreased by 54.8% to $2.2 million due to investments in new business lines [7] Business Developments - The renewal of the clearing relationship with National Financial Services (NFS) highlights a long-standing partnership focused on innovation and client service [7] - The launch of Digital Assets Research aims to provide institutional-grade coverage in the crypto and blockchain sectors [7] - A new marketing campaign titled "Generation Wealth" was introduced to engage Gen Z through creator-driven content [7]
Siebert Financial Launches Digital Assets Research, Hiring Brian P. Vieten as Research Analyst
Globenewswire· 2025-09-10 12:00
Core Insights - Siebert Financial Corp. has launched Digital Assets Research within its Capital Markets division, appointing Brian P. Vieten as Research Analyst to provide institutional-grade research on cryptocurrency and blockchain-related sectors [1][2]. Group 1: Company Developments - The new Digital Assets Research group aims to publish research on cryptocurrency, blockchain infrastructure, Web3 applications, and public companies with significant exposure to digital assets, enhancing Siebert's research capabilities [1][4]. - Brian P. Vieten, with nearly a decade of equity research experience and eight years in the crypto space, previously worked at Needham & Company focusing on Crypto Assets and Blockchain [2][4]. - The initiative is part of Siebert's broader strategy to expand its institutional services and support clients in navigating the evolving digital asset landscape [4][6]. Group 2: Market Trends - There is a growing client demand for rigorous digital asset research, indicating a shift in market focus towards cryptocurrency and blockchain technologies [2][3]. - The integration of tokenization and decentralized finance (DeFi) is blurring the lines between traditional finance (TradFi) and the digital ecosystem, highlighting the need for informed research [3][4]. - Digital assets are increasingly recognized as a significant factor reshaping market structures and investor behaviors, moving beyond being a niche topic [4].