Business
Siebert and Tigress Launch RISE Financial Services, a Woman-owned, Diverse Financial Services Firm
– WPS Prime Services Rebranded to RISE Financial Services – RISE Prime, a Division of RISE Financial Services, Is Aligned with Growing Mission-Driven ESG
About this update from Siebert Financial Corp.
[{"type":"text","content":"\n– WPS Prime Services Rebranded to RISE Financial Services\n\n– RISE Prime, a Division of RISE Financial Services, Is Aligned with Growing Mission-Driven ESG Initiatives of Institutional Investors\n\n– Siebert Closed Transaction and Acquired 24% of Tigress, and In Exchange Tigress Received 24% of RISE Financial Services and Shares of Siebert Common Stock\n\n– Cynthia DiBartolo Joins Siebert’s Board and Gloria E. Gebbia Joins Tigress’ Board\n\n NEW YORK--(BUSINESS WIRE)--\nSiebert Financial Corp. (NASDAQ: SIEB) (“Siebert”), a provider of financial services, and Tigress Financial Partners (“Tigress”), the nation’s only disabled and woman-owned broker-dealer, today confirmed the completion of their previously announced transaction, and the creation of RISE Financial Services, LLC, (“RISE Financial”) a woman-owned, diverse financial services firm.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211117005484/en/\nSiebert’s subsidiary, WPS Prime Services, LLC is rebranded to RISE Financial Services, LLC and its division, RISE Prime (“RISE”) specializes in offering a comprehensive suite of prime brokerage services aligned with the growing mission-driven Environmental, Social and Governance (“ESG”) initiatives of institutional investors. RISE maintains a prime clearing relationship with Pershing, positioning RISE to serve as a strategic partner to institutional clients when diversity and access to best-in-class prime brokerage services matter.\n\nThe creation of RISE addresses a critical missing link in the financial services Diversity, Equity and Inclusion (“DEI”) ecosystem and follows the recent partnership between Siebert and Tigress. In addition, RISE furthers Siebert’s 50+ year history of diversity which began with the legendary Muriel Siebert.\n\nOn November 16, 2021, Siebert acquired 24% of Tigress Holdings, LLC, and in exchange Tigress Holdings, LLC received 24% of RISE Financial, and shares of Siebert common stock. Tigress’ founder Cynthia DiBartolo will continue as CEO of Tigress and will assume the position as CEO of RISE Financial. Gloria E. Gebbia will assume the role of Chief Impact Officer at RISE Financial. Cynthia DiBartolo was appointed to Siebert’s Board and Gloria E. Gebbia was appointed to Tigress’ Board.\n\n“We are excited to expand our collaboration wi...