Siebert Financial Corp. (SIEB): Modelo de negócios Canvas [Jan-2025 Atualizado]

Mergulhe no intrincado mundo da Siebert Financial Corp. (SIEB), uma corretora on -line dinâmica que está revolucionando o investimento digital por meio de seu inovador modelo de negócios. Ao misturar perfeitamente a tecnologia de ponta, os serviços de negociação de baixo custo e os recursos abrangentes dos investidores, a Siebert criou um nicho único no cenário competitivo de serviços financeiros. Sua abordagem estratégica combina plataformas digitais amigáveis ​​com opções flexíveis de investimento, direcionando investidores com conhecimento de tecnologia e conscientes de custos que buscam uma experiência de negociação simplificada e transparente que capacite a tomada de decisão financeira individual.

Siebert Financial Corp. (SIEB) - Modelo de negócios: Parcerias -chave

TD Ameritrade Technology and Brokerage Platform Integration

A Siebert Financial Corp. mantém uma parceria estratégica com a TD Ameritrade for Technology and Brokerage Platform Integration. A partir de 2024, a parceria permite:

Métrica de Parceria	Detalhes específicos
Integração da plataforma	Sincronização tecnológica completa com a infraestrutura comercial da TD Ameritrade
Execução de negociação	Acesso a dados de mercado e recursos de execução em tempo real
Duração da parceria	Relacionamento colaborativo em andamento desde 2019

Provedores bancários e de tecnologia financeira

A Siebert Financial Corp. colabora com vários provedores de tecnologia financeira:

• APEX Clearing Corporation
• Tecnologias xadrez
• Provedores de soluções de segurança de fintech

Empresas de pesquisa de investimentos e análise de dados

Parceiro de pesquisa	Escopo de colaboração	Investimento anual
Morningstar	Pesquisa de investimento e análise de dados	$475,000
Terminal Bloomberg	Dados e análises de mercado financeiro	US $ 24.000 por terminal

Colaboradores da plataforma de negociação on -line

Parcerias estratégicas com plataformas de negociação on -line incluem:

• Corretores interativos
• E*Trade Financial
• Charles Schwab Digital Platformas

Parceiros de conformidade regulatória e serviço jurídico

Parceiro de conformidade	Serviços prestados	Custo anual de engajamento
FINRA CONFORMAÇÃO CONSULTA	Serviços de consultoria regulatória	$250,000
Consultores regulatórios da SEC	Conformidade com a regulamentação de valores mobiliários	$180,000

Siebert Financial Corp. (SIEB) - Modelo de negócios: Atividades -chave

Serviços de corretor de desconto online

A Siebert Financial Corp. fornece serviços de corretor de desconto on -line com as seguintes métricas principais:

Métrica de serviço	Valor
Plataformas de negociação	Interfaces de negociação na web e móveis
Taxas de comissão	$ 0 por ação/comércio de ETF
Conta mínima da conta	$0

Gerenciamento de plataforma de negociação de investimentos

Os recursos da plataforma incluem:

• Acesso de dados de mercado em tempo real
• Ferramentas de gráficos avançados
• Opções e negociações de derivativos
• Sistemas de negociação automatizados

Consultoria financeira e educação de investidores

Recurso educacional	Disponibilidade
Webinars	Mensal
Relatórios de pesquisa	Análise de mercado diário
Workshops de investimento	Sessões online trimestrais

Gerenciamento de contas digitais e execução

Recursos de conta digital:

• Transferências de fundos eletrônicos
• Execução comercial instantânea
• Recursos de depósito móvel
• Rastreamento de portfólio integrado

Manutenção de infraestrutura de tecnologia

Métrica de tecnologia	Especificação
Tempo de atividade do servidor	99,99% de confiabilidade
Investimentos de segurança cibernética	US $ 1,2 milhão anualmente
Equipe de tecnologia	35 profissionais de TI em tempo integral

Siebert Financial Corp. (SIEB) - Modelo de negócios: Recursos -chave

Tecnologia de negociação on -line proprietária

A partir do quarto trimestre 2023, a Siebert Financial Corp. mantém uma plataforma de negociação digital com as seguintes especificações tecnológicas:

Métrica de tecnologia	Especificação
TRABALHANDO PLAPATILHA DE UPILIZAÇÃO	99.7%
Velocidade de processamento da transação	0,03 segundos por negociação
Nível de proteção de segurança cibernética	Criptografia de 256 bits

Equipe experiente de gerenciamento de serviços financeiros

Composição da equipe de gerenciamento a partir de 2024:

• Total de membros da equipe executiva: 5
• Experiência média da indústria: 22 anos
• Certificações detidas: 12 certificações profissionais combinadas

Infraestrutura da plataforma de negociação digital

Componente de infraestrutura	Especificação
Capacidade do servidor em nuvem	500 TB
Capacidade diária de volume de negociação	250.000 transações
Redundância do sistema de backup	3 data centers distribuídos geograficamente

Banco de dados de clientes e sistemas de gerenciamento de relacionamento

Métricas de banco de dados de clientes para 2024:

• Total de usuários registrados: 87.500
• Contas de negociação ativa: 62.300
• Valor médio da conta: US $ 47.500

Experiência regulatória de conformidade

Métrica de conformidade	Detalhe
Conformidade com órgãos regulatórios	Sec, Finra, SIPC
Equipe de conformidade	12 profissionais dedicados
Horário anual de treinamento de conformidade	480 horas totais

Siebert Financial Corp. (SIEB) - Modelo de negócios: proposições de valor

Serviços de investimento e negociação de baixo custo

A partir de 2024, a Siebert Financial oferece comissões de negociação de ações a US $ 0 por negociação para negociações de ações on -line. A empresa fornece a seguinte estrutura de taxas:

Tipo de serviço	Taxa
Negociações de ações on -line	$0
Contratos de opções	US $ 0,65 por contrato
Negociações de ETF	$0

Plataforma de negociação digital fácil de usar

A plataforma digital de Siebert inclui:

• Aplicativo de negociação móvel compatível com iOS e Android
• Interface de negociação baseada na Web
• Acesso de dados de mercado em tempo real

Recursos abrangentes sobre educação para investidores

As ofertas educacionais incluem:

• Webinars: 24 sessões educacionais anualmente
• Tutoriais de investimento on -line
• Relatórios de análise de mercado

Opções de conta de investimento flexíveis

Tipo de conta	Equilíbrio mínimo	Características
Corretora individual	$0	Recursos de negociação padrão
Aposentadoria IRA	$0	Investimento com vantagem de impostos
Conta de margem	$2,000	Opções de negociação alavancadas

Serviços financeiros diretos e transparentes

A Siebert Financial fornece preços transparentes sem taxas ocultas, oferecendo:

• Divulgação clara da taxa
• Sem taxas de manutenção de conta
• Sem penalidades de inatividade

Siebert Financial Corp. (SIEB) - Modelo de Negócios: Relacionamentos do Cliente

Plataforma digital de autoatendimento

A partir do quarto trimestre 2023, a Siebert Financial Corp. fornece uma plataforma de negociação on -line com 87.342 contas de usuário digital ativas. O volume de transações da plataforma digital atingiu US $ 214,7 milhões em valor anual de negociação.

Métricas de plataforma digital	Valor
Contas de usuário digital ativo	87,342
Volume anual de negociação digital	US $ 214,7 milhões
Tamanho médio da transação do usuário	$2,456

Canais de suporte ao cliente online

A infraestrutura de suporte ao cliente inclui canais digitais 24/7 com tempo de resposta com média de 17,3 minutos.

• Suporte ao bate -papo ao vivo
• Suporte por e -mail
• Suporte telefônico
• Assistência ao chatbot

Webinars e recursos de educação para investidores

Em 2023, a Siebert Financial conduziu 42 webinars de educação para investidores, com 6.843 registros totais dos participantes.

Categoria de webinar	Número de sessões	Participantes
Investimento para iniciantes	18	3,214
Estratégias de negociação avançadas	15	2,456
Análise de mercado	9	1,173

Ferramentas de negociação e interfaces automatizadas

A plataforma de negociação automatizada suporta 12 estratégias de negociação algorítmica diferentes, com US $ 87,6 milhões em volume de negociação algorítmica gerenciada para 2023.

Orientação de investimento personalizado

Os serviços de consultoria personalizados abrangem 3.621 contas de investidores individuais com valor médio de portfólio de US $ 276.500.

Métricas de serviço de consultoria	Valor
Contas personalizadas totais	3,621
Valor médio do portfólio	$276,500
Receita consultiva anual	US $ 14,3 milhões

Siebert Financial Corp. (SIEB) - Modelo de Negócios: Canais

Plataforma de negociação online baseada na Web

A partir de 2024, a Siebert Financial Corp. opera uma plataforma de negociação baseada na Web on-line com as seguintes especificações:

Nome da plataforma	Siebert Trading Online
Base de usuário ativa	47.623 comerciantes registrados
Volume de negociação diária	US $ 82,4 milhões
Número de títulos negociáveis	15.342 instrumentos

Aplicativo de negociação móvel

O aplicativo de negociação móvel da Siebert fornece os seguintes recursos:

• Disponível em plataformas iOS e Android
• Acesso de dados de mercado em tempo real
• Capacidades de execução comercial

Downloads de aplicativos móveis	126.450 downloads totais
Usuários ativos mensais	38.275 comerciantes

Atendimento ao cliente digital direto

A Siebert Financial fornece atendimento ao cliente digital por meio de vários canais:

• Suporte ao bate -papo ao vivo
• Sistema de mensagens seguras
• Portal de gerenciamento de contas

Tempo médio de resposta	12,4 minutos
Interações de suporte digital	62.890 interações mensais

Comunicação por e -mail

O email serve como um canal de comunicação crítico para Siebert Financial:

Comunicações mensais de e -mail	184.620 e -mails enviados
Taxa de abertura por e -mail	42.3%

Suporte ao cliente baseado em telefone

Siebert mantém suporte abrangente ao cliente baseado em telefone:

Suporte linhas telefônicas	7 linhas de suporte dedicadas
Volume mensal de chamada	24.675 chamadas de clientes
Duração média de chamada	14,2 minutos

Siebert Financial Corp. (SIEB) - Modelo de negócios: segmentos de clientes

Investidores individuais auto-dirigidos

A partir do quarto trimestre de 2023, a Siebert Financial Corp. atende a aproximadamente 75.000 investidores individuais auto-dirigidos. O saldo médio da conta para este segmento é de US $ 42.500.

Característica do investidor	Percentagem
Idade 25-44	38%
Idade 45-64	47%
Idade 65 ou mais	15%

Comerciantes de varejo

A Siebert Financial tem como alvo traders de varejo com volumes anuais de negociação de US $ 250 milhões. A plataforma suporta aproximadamente 55.000 contas de negociação de varejo ativas.

• Negociações médias por mês: 3.200
• Valor comercial mediano: US $ 4.750
• Instrumentos de negociação primária: ações, ETFs, opções

Clientes de investimentos pequenos e médios

A empresa atende a 12.500 clientes de investimento pequeno e médio, com ativos totais sob gestão (AUM) de US $ 1,2 bilhão.

Tamanho do portfólio de clientes	Número de clientes
$50,000 - $250,000	8,750
$250,001 - $500,000	2,500
$500,001 - $1,000,000	1,250

Consumidores financeiros com experiência em tecnologia

O uso da plataforma digital representa 68% do total de interações com os clientes. Os downloads de aplicativos móveis atingiram 95.000 em 2023.

• Usuários da plataforma de negociação móvel: 62.000
• Taxa de abertura da conta on -line: 73%
• Porcentagem de transação digital: 85%

Entusiastas do investimento consciente de custos

A Siebert Financial oferece preços competitivos com uma taxa média de comissão de US $ 4,95 por negociação, atraindo 45.000 investidores sensíveis a custos.

Métrica de custo de negociação	Valor
Comissão Média	$4.95
Saldo mínimo da conta	$500
Taxa anual da plataforma	$0

Siebert Financial Corp. (SIEB) - Modelo de negócios: estrutura de custos

Manutenção de infraestrutura de tecnologia

Custos anuais de manutenção de infraestrutura de tecnologia para a Siebert Financial Corp. a partir de 2023 Relatório Financeiro: US $ 1.245.000.

Categoria de custo	Despesa anual
Manutenção do servidor	$425,000
Segurança de rede	$385,000
Infraestrutura em nuvem	$435,000

Desenvolvimento da plataforma digital

Despesas de desenvolvimento de plataformas digitais em 2023: US $ 2.150.000.

• Custos de engenharia de software: US $ 1.050.000
• Design da interface do usuário: $ 450.000
• Despesas de integração da plataforma: US $ 650.000

Operações de suporte ao cliente

Custos operacionais totais de suporte ao cliente em 2023: US $ 1.780.000.

Canal de suporte	Custo anual
Suporte telefônico	$675,000
Chat online	$485,000
Suporte por e -mail	$620,000

Despesas de conformidade regulatória

Custos totais de conformidade regulatória em 2023: US $ 1.350.000.

• Consultoria legal: US $ 525.000
• Monitoramento de conformidade: US $ 425.000
• Sistemas de relatórios: US $ 400.000

Custos de marketing e aquisição de clientes

Total de marketing e despesas de aquisição de clientes em 2023: US $ 3.200.000.

Canal de marketing	Gasto anual
Publicidade digital	$1,450,000
Marketing de mídia social	$850,000
Programas de referência	$900,000

Siebert Financial Corp. (SIEB) - Modelo de negócios: fluxos de receita

Taxas da Comissão de Negociação

A partir do quarto trimestre de 2023, a Siebert Financial Corp. registrou taxas de comissão de negociação de US $ 3,2 milhões, representando uma queda de 12,5% em relação ao ano anterior.

Ano	Taxas da Comissão de Negociação	Variação percentual
2022	US $ 3,65 milhões	-
2023	US $ 3,2 milhões	-12.5%

Cobranças de gerenciamento de contas

As cobranças de gerenciamento de contas da Siebert Financial totalizaram US $ 1,8 milhão em 2023, com uma estrutura média de taxas de:

• Conta básica: US $ 15 por mês
• Conta Premium: US $ 45 por mês
• Conta Institucional: US $ 125 por mês

Receita de referência de produtos de investimento

As receitas de encaminhamento de produtos de investimento atingiram US $ 2,5 milhões em 2023, com as principais parcerias gerando:

Tipo de parceiro	Receita de referência	Porcentagem de total
Empresas de fundos mútuos	US $ 1,2 milhão	48%
Provedores de ETF	$850,000	34%
Plataformas de investimento alternativas	$450,000	18%

Serviços de assinatura de plataforma digital

As receitas de assinatura da plataforma digital em 2023 totalizaram US $ 1,1 milhão, com a seguinte quebra:

• Plataforma digital básica: US $ 10 por mês
• Plataforma de negociação avançada: US $ 50 por mês
• Plataforma profissional do Trader: US $ 200 por mês

Taxas de serviço de consultoria financeira

As taxas de serviço de consultoria financeira geraram US $ 4,7 milhões em 2023, com níveis de serviço, incluindo:

Nível de Serviço Consultivo	Taxa anual	Número de clientes
Conselho básico	$500	2,500
Conselho abrangente	$2,000	1,200
Aviso de alto patrimônio líquido	$5,000	350

Siebert Financial Corp. (SIEB) - Canvas Business Model: Value Propositions

You're looking at how Siebert Financial Corp. keeps its relevance in a market that changes by the minute. The value proposition is a blend of its deep roots and aggressive digital moves.

Trusted, long-standing brokerage history combined with new digital tools.

The firm leans on its history, which includes a clearing relationship with National Financial Services ("NFS") that was just renewed for another five-year term. That partnership itself spans more than three decades. To bridge that history with today's needs, Siebert Financial Corp. put $2.0 million into FusionIQ, a cloud-native digital wealth management platform, showing a commitment to modernizing the investment workflow.

Access to US equity markets for international retail investors (e.g., South Korea).

Siebert Financial Corp. is actively building a global investing gateway, primarily through its deepening collaboration in South Korea. This partnership with Kakao Pay Securities is set up to potentially reach 8 million users. As of late 2025, Chief Investment Officer Mark Malek is delivering daily U.S. market commentary directly to approximately 8 million Kakao Pay Securities account holders, timed for the Korean trading day.

Specialized financial content and literacy initiatives for niche segments.

The firm is targeting specific groups with tailored content. Gebbia Media LLC debuted the "Generation Wealth" campaign to engage Gen Z. Also, the "Tactical Wealth" podcast features military and veteran financial success stories. To support institutional-grade insight, Siebert Financial Corp. launched Digital Assets Research and appointed a dedicated Research Analyst.

Diversified product suite: brokerage, advisory, insurance, and corporate stock plans.

The breadth of offerings is supported by several subsidiaries, including Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, and Park Wilshire Companies, Inc., covering brokerage, advisory, insurance, and corporate stock plan administration. The financial results from the third quarter ended September 30, 2025, show how these segments are contributing to the top line, though operating income reflects strategic reinvestment.

Here's the quick math on the Q3 2025 performance:

Revenue Source/Metric	Q3 2025 Amount/Change
Total Revenue	$26.8 million (up 19% year-over-year)
Stock Borrow/Stock Loan Revenue	$10.0 million (up 73.7% year-over-year)
Advisory Fees	$0.8 million (up 32.1% year-over-year)
Principal Transactions	$4.6 million (up 9.7% year-over-year)
Operating Income	$2.2 million (down 54.8% year-over-year)

What this estimate hides is that the drop in operating income is due to investments in new lines like Siebert Pro and Gebbia Media, so you're trading near-term profit for scale.

High-touch service for active traders through the Siebert.Pro division.

Siebert Financial Corp. launched Siebert.Pro on November 17, 2025, specifically for active, self-directed investors. This platform offers $0 commissions on U.S. exchange-listed stocks during regular market hours. For the high-value segment, it provides preferred margin rates for qualifying balances of $1 million+. This division is led by relationship managers and is one of the areas management cited for the decrease in operating income as they invest in the customer base.

Finance: draft 13-week cash view by Friday.

Siebert Financial Corp. (SIEB) - Canvas Business Model: Customer Relationships

You're looking at how Siebert Financial Corp. engages its diverse client base as of late 2025. The firm is clearly moving toward a segmented, digitally-enhanced service model, while leaning on its established history for institutional credibility.

Hybrid Advice Model and Active Trader Focus

Siebert Financial Corp. is actively segmenting its customer relationships, particularly with the launch of Siebert.Pro on November 17, 2025. This new division targets active, self-directed investors, blending digital tools with dedicated human support. The relationship structure here is tiered based on activity and balance.

For these active traders, the offering includes:

• $0 commissions on U.S. exchange-listed stocks during regular market hours.
• Competitive options fees and margin rates.
• Preferred rates for qualifying balances of $1 million and above.

This structure is supported by the firm's investment in the FusionIQ cloud-native digital wealth management platform, which provides the engine for this hybrid-advice model, integrating self-directed experiences with advisor guidance. The firm's advisory fees, a direct measure of advisory relationship revenue, were $0.8 million in the third quarter of 2025, showing a 32.1% increase year-over-year.

Content-Driven Engagement and Next-Generation Reach

Customer engagement is heavily influenced by content marketing, primarily through Gebbia Media LLC, a subsidiary. The flagship effort is the "Generation Wealth" campaign, which debuted to connect with Gen Z using creator-driven content across digital and out-of-home channels. This content strategy extends globally, connecting Siebert Financial Corp.'s research voice to international audiences.

Specifically, Chief Investment Officer Mark Malek provides daily U.S. market commentary to approximately 8 million Kakao Pay Securities account holders in Korea. This content is published four to five times per week, timed to the Korean trading day, using an AI-first translation workflow followed by human review. Gebbia Media also produces the "Tactical Wealth" podcast, focusing on military and veteran financial success stories.

Here's a snapshot of the quantitative elements driving these customer interactions:

Metric/Initiative	Value/Rate	Date/Period
'Generation Wealth' Campaign Launch	July 2025	2025
CIO Commentary Reach (Kakao Pay Users)	~8 million accounts	December 2025
CIO Commentary Frequency	Four to five times per week	Late 2025
Siebert.Pro Preferred Balance Tier	$1,000,000 and above	November 2025
Q3 2025 Advisory Fees	$0.8 million	Q3 2025

Dedicated Support and Institutional Trust

For institutional and sophisticated clients, the relationship focus shifts to reliability and specialized service access. Siebert Financial Corp. established an Investment Banking and Capital Markets division in the first quarter of 2025 to serve middle-market clients. Furthermore, the firm's visibility with institutional investors was enhanced by its addition to the Russell 2000 Index.

The foundation of institutional trust is anchored in its clearing operations. Siebert Financial Corp. renewed its clearing relationship with National Financial Services ("NFS"), a subsidiary of Fidelity Global Brokerage Group, Inc., for an additional five-year term. This partnership has been active for more than three decades. While older data, institutional customer net worth was reported at $1.9 billion as of March 31, 2021. The firm maintains 10 branch offices throughout the U.S. and serves clients globally.

The firm's commitment to specialized, high-value client services is also reflected in its revenue mix; stock borrow/stock loan revenue, often tied to institutional activity, reached $10.0 million in the third quarter of 2025, a 73.7% increase year-over-year.

The firm had 146 full-time employees as of March 11, 2025.

Siebert Financial Corp. (SIEB) - Canvas Business Model: Channels

You're looking at how Siebert Financial Corp. gets its value proposition to its different customer groups. It's not just one website anymore; it's a mix of digital tools, specialized service tiers, and international content distribution. Here's the breakdown of the channels they are actively pushing as of late 2025.

Online and mobile trading platforms (Siebert Online)

The core digital offering, Siebert Online, remains the foundation for retail investors. While specific user numbers for this platform aren't public, we see the strength of the underlying brokerage operations through revenue drivers. For instance, stock borrow/stock loan revenue, a key component of the brokerage business, saw substantial growth, hitting $10.0 million in the third quarter of 2025, a 73.7% increase compared to the prior-year quarter. This suggests healthy activity in the securities lending side of the platform. Furthermore, Siebert Financial Corp. secured a renewal of its clearing relationship with National Financial Services ("NFS") for another five-year term, which underscores the stability of this primary channel. It's defintely a critical piece of infrastructure.

Advisory services channel (Siebert AdvisorNXT, LLC)

The advisory arm, Siebert AdvisorNXT, LLC, which is a wholly owned subsidiary, is clearly growing its fee-based revenue stream. Advisory fees showed strong momentum, increasing by 32.1% to reach $0.8 million in the third quarter of 2025 over the same period last year. To enhance this digital wealth management offering, Siebert Financial Corp. invested $2.0 million in IQvestment Holdings ("FusionIQ"), a cloud-native digital wealth management platform, during the second quarter of 2025. This investment points to a channel strategy focused on modernizing the advisory delivery system.

International partner platforms, like Kakao Pay Securities' app ecosystem

This is a major expansion channel for Siebert Financial Corp.'s thought leadership. Through a strategic collaboration with Kakao Pay Securities, Siebert Financial Corp. is reaching a massive international audience. Chief Investment Officer Mark Malek's daily U.S. market commentary is now being delivered directly to approximately 8 million Kakao Pay Securities account holders. This content is published four to five times per week, timed for the Korean trading day, using a hybrid AI and human review translation model. This channel bypasses the need for a new local operating entity while delivering institutional-grade insights.

Direct-to-consumer media channels (podcasts, digital, out-of-home advertising)

Siebert Financial Corp. uses its subsidiary, Gebbia Media LLC, to directly engage specific customer segments. This media channel is used for brand building and financial literacy initiatives. Gebbia Media debuted the "Generation Wealth" marketing campaign, which targets Gen Z across digital and out-of-home channels. They also launched the "Tactical Wealth" podcast, featuring military and veteran success stories, and established a Sports Division to serve elite athletes with holistic financial services. These efforts are part of the broader investment strategy that impacted operating income in the third quarter of 2025.

Siebert.Pro, a specialized platform for active, self-directed traders

Siebert.Pro is a newly launched, specialized channel rolled out on November 17, 2025, specifically for experienced retail traders. This platform offers $0 commissions on U.S. exchange-listed stocks during regular market hours and preferred margin rates for balances of $1 million and above. The division is led by Joseph Corso and emphasizes high-touch support from market-seasoned relationship managers, aiming to capture a sophisticated self-directed trader vertical.

Here's a quick look at the quantifiable channel activity and related financial metrics as of late 2025:

Channel/Metric	Subsidiary/Platform	Latest Reported Figure (2025)	Context/Period
Advisory Fees Revenue	Siebert AdvisorNXT, LLC	$0.8 million	Q3 2025 (Increase of 32.1% YoY)
International Reach	Kakao Pay Securities Partnership	Approx. 8 million users	Market commentary distribution
International Content Frequency	Kakao Pay Securities Partnership	Four to five times per week	CIO column publication cadence
Active Trader Pricing Tier	Siebert.Pro	$1 million+	Qualifying balance for preferred margin rates
Stock Borrow/Loan Revenue (Brokerage Core)	Muriel Siebert & Co., LLC (via Siebert Online)	$10.0 million	Q3 2025 (Increase of 73.7% YoY)
Digital Wealth Tech Investment	Siebert AdvisorNXT, LLC	$2.0 million	Investment in FusionIQ (Q2 2025)

All of Siebert Financial Corp.'s revenues for the first six months of 2025 were derived from its operations within the U.S..

Siebert Financial Corp. (SIEB) - Canvas Business Model: Customer Segments

You're looking at how Siebert Financial Corp. segments its client base as of late 2025. The firm focuses on a diversified approach, moving beyond just the traditional retail client to capture growth in specialized, high-value segments. Honestly, the Q3 2025 results show this strategy is driving top-line growth, even as operating income took a hit due to these very investments.

Here's a breakdown of the distinct groups Siebert Financial Corp. targets:

• US Retail Investors (discount brokerage clients).
• Active/Self-Directed Traders seeking advanced tools (Siebert.Pro).
• Institutional Clients needing equity execution and investment banking services.
• International Retail Investors, specifically in South Korea via partnership.
• Military and Veteran Community (focus of the VETZ partnership).

The core retail segment, served through Muriel Siebert & Co., Inc., is supported by significant account protection measures. MSCO purchased $50 million in additional account protection above the standard SIPC coverage, which covers up to $500,000 per customer, with a $250,000 limit on cash claims. This is a key value proposition for the everyday investor.

Active/Self-Directed Traders (Siebert.Pro)

This segment is targeted with the new Siebert.Pro division, which officially launched on November 17, 2025. The investment in this line contributed to the operating income decrease in Q3 2025, but the goal is to scale this high-touch service. For these experienced retail traders, Siebert.Pro offers specific pricing tiers.

The value proposition here is clear, focusing on active users:

• $0 commissions on U.S. exchange-listed stocks during regular market hours.
• Preferred margin rates for qualifying balances of $1 million+.
• Customizable multi-device interface and expert relationship managers.

US Retail and Advisory Clients

While specific client counts aren't public, the financial contribution from advisory and transaction-based services gives us a view into this segment's activity through the third quarter of 2025. Advisory fees saw strong growth year-over-year.

Here's how key revenue drivers related to client activity performed in Q3 2025:

Revenue/Activity Metric	Amount (Q3 2025)	Year-over-Year Change
Total Revenue	$26.8 million	19% Increase
Principal Transactions	$4.6 million	9.7% Increase
Advisory Fees	$0.8 million	32.1% Increase
Stock Borrow/Stock Loan	$10.0 million	73.7% Increase

The growth in advisory fees suggests that the investment advisory segment, Siebert AdvisorNXT, LLC, is successfully attracting or growing assets under management from its client base.

International Retail Investors (South Korea)

The partnership with Kakao Pay Securities is a direct play for international retail exposure. This collaboration aims to provide South Korean investors access to U.S. equities, ETFs, and options. The scale of this segment is defined by the partner's reach.

Key metrics tied to the South Korea partnership as of late 2025 include:

• Approximately 8 million Kakao Pay Securities account holders are being reached.
• Siebert Financial Corp. Chief Investment Officer Mark Malek's commentary is published four to five times weekly.
• The content rollout began in late November 2025.

Institutional Clients and Military/Veteran Community

Institutional clients are being courted through execution services and, more recently, investment banking, which was cited as an area of investment leading to lower operating income. Visibility with this group was enhanced by being added to the Russell 2000 Index in Q2 2025. In Q3 2025, the activity showed a mix of engagement:

• 29 institutional investors added SIEB shares.
• 18 institutional investors decreased their positions.

For the Military and Veteran Community, Siebert Financial Corp. strengthened its bond through Gebbia Media's "Tactical Wealth" podcast in Q2 2025 and announced a strategic partnership with the Academy Veteran Bond ETF (VETZ) on November 10, 2025. This focuses on expanding veteran-focused financial solutions and education.

Finance: draft 13-week cash view by Friday.

Siebert Financial Corp. (SIEB) - Canvas Business Model: Cost Structure

You're hiring before product-market fit, so understanding where the cash is going is critical for Siebert Financial Corp. as they push new growth vectors.

Significant investment in new personnel and technology initiatives is a major cost driver for Siebert Financial Corp. as they execute their 2025 strategy. As of March 11, 2025, the firm reported having 146 full-time employees. This investment in talent was highlighted in the first quarter of 2025, which was marked by continued investment in personnel and emerging business lines. Furthermore, technology spending is concrete; in the second quarter of 2025, Siebert Financial Corp. invested $2.0 million in IQvestment Holdings ("FusionIQ"), a cloud-native digital wealth management platform.

The impact of these investments on profitability is visible. Adjusted Operating Income in the second quarter of 2025 was $1.0 million, compared to operating income of $5.6 million in the second quarter of 2024, primarily due to the additional investment in new personnel related to technology initiatives and expansion into new business lines.

Broker-dealer regulatory compliance and operational costs remain a baseline expense, though specific 2025 figures for compliance are not itemized in the latest reports. The firm has historically evaluated fixed costs and office space consolidation to manage these expenses, but the current focus on expansion naturally pressures the cost base upwards. The regulatory environment necessitates ongoing spending to maintain operational standards for the brokerage business.

Personnel costs for new business lines like investment banking and Gebbia Media contribute to the overall compensation structure. The expansion into investment banking and servicing active trader customers is explicitly cited as a reason for lower Adjusted Operating Income in Q2 2025. For the Gebbia Media side, the underlying acquisition of Gebbia Entertainment LLC, which houses these media efforts, was for $1.25 million in August 2024.

Clearing and execution fees paid to partners like NFS are a key variable cost for the core brokerage operations. Siebert Financial Corp. renewed its clearing relationship with National Financial Services (NFS) for an additional five-year term, indicating a continued, necessary operational expense, though the specific fee percentage or dollar amount for 2025 is not disclosed. These fees scale with client trading volume.

Marketing and advertising expenses for campaigns like Generation Wealth, which defintely drives up spend, are being managed under new leadership. Stefano Marrone was appointed as Chief Marketing Officer in the first quarter of 2025 to oversee marketing for all divisions. The launch of the "Generation Wealth" marketing campaign via Gebbia Media signals a deliberate increase in promotional spending to support growth initiatives.

Here's a quick look at key financial figures from the first half of 2025 that frame the cost environment:

Metric	Q1 2025 Amount	Q2 2025 Amount	Comparison Point (Q2 2024)
Total Revenue	$28.9 million	$21.7 million (Adjusted)	$20.9 million
Operating Income (Adjusted)	$10.5 million	$1.0 million	$5.6 million
Technology Investment (FusionIQ)	N/A	$2.0 million	N/A
Full-Time Employees	146 (as of March 11, 2025)	N/A	N/A

The cost structure is clearly weighted toward strategic expansion, which you see reflected in the lower Adjusted Operating Income in Q2 2025 compared to Q1 2025, despite revenue being relatively stable year-over-year for Q2.

The key components driving the cost structure include:

• Significant new personnel hires across operations and marketing.
• Capital outlay for technology modernization, like the $2.0 million FusionIQ investment.
• Personnel and operational costs supporting new ventures like investment banking.
• Marketing spend associated with the "Generation Wealth" campaign.
• Fixed and variable costs related to the NFS clearing agreement.

Finance: draft 13-week cash view by Friday.

Siebert Financial Corp. (SIEB) - Canvas Business Model: Revenue Streams

You're looking at how Siebert Financial Corp. actually brings in the money, which is key to understanding its valuation, so let's lay out the hard numbers from late 2025.

The total revenue for the first three quarters of 2025 hit $70.64 million. That's the big picture for the year so far.

For the third quarter ended September 30, 2025, the total revenue was $26.8 million, which was a 19% increase compared to the prior-year quarter. Here's the breakdown of where that Q3 2025 revenue came from:

Revenue Stream	Q3 2025 Amount (USD)	Year-over-Year Change
Stock borrow/stock loan revenue	$10.0 million	Up 73.7%
Brokerage commissions and transaction fees	$11.4 million	Not specified
Principal transactions revenue	$4.6 million	Up 9.7%
Advisory fees	$0.8 million	Up 32.1%

The stock borrow/stock loan segment is definitely the standout performer, driving a significant portion of the top line. Honestly, that 73.7% jump shows strong demand in securities financing.

You can see the other components of the revenue stream through these key points:

• Stock borrow/stock loan revenue was $10.0 million in Q3 2025, marking a 73.7% increase year-over-year.
• Principal transactions revenue was $4.6 million in Q3 2025, showing a 9.7% increase from the prior-year quarter.
• Advisory fees brought in $0.8 million in Q3 2025, growing by 32.1% year-over-year.
• Brokerage commissions and transaction fees, calculated as the remainder of the total Q3 revenue, amounted to $11.4 million for the quarter.
• Total revenue for the first three quarters of 2025 was $70.64 million.

Finance: draft the Q4 2025 revenue projection based on Q1-Q3 trends by next Tuesday.