M&A Deal Summary

Siebert Financial Acquires StockCross Financial Services

On June 26, 2017, Siebert Financial acquired financial services company StockCross Financial Services for 16M USD

Acquisition Highlights
  • This is Siebert Financial’s 1st transaction in the Financial Services sector.
  • This is Siebert Financial’s largest (disclosed) transaction.
  • This is Siebert Financial’s 1st transaction in the United States.
  • This is Siebert Financial’s 1st transaction in California.

M&A Deal Summary
Date 2017-06-26
Target StockCross Financial Services
Sector Financial Services
Buyer(s) Siebert Financial
Deal Type Add-on Acquisition
Deal Value 16M USD

Target

StockCross Financial Services

Beverly Hills, California, United States
Formed in 1971, StockCross Financial Services, Inc. is a privately owned brokerage firm providing financial guidance and customer service to clients.

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Buyer(S) 1

Buyer

Siebert Financial

Miami Beach, Florida, United States
Category Company
Founded 1934
Sector Financial Services
Employees124
Revenue 72M USD (2023)
DESCRIPTION

Siebert Financial is a holding company that conducts its retail discount brokerage business through its wholly-owned subsidiary, Muriel Siebert & Co., Inc. The company conducts its investment advisory business through its wholly-owned subsidiary, Siebert AdvisorNXT, Inc., a registered investment advisor, and its insurance business through its wholly-owned subsidiary, Park Wilshire Companies Inc., a licensed insurance agency. Siebert’s fourth wholly-owned subsidiary, KCA Technologies, LLC, is a developer of robo-advisory technology. Siebert Financial was founded in 1934 and is based in Miami Beach, Florida.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (California) 1 of 1
Country (United States) 1 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Weeden Prime Services

Greenwich, Connecticut, United States

Weeden Prime Services LLC is a full-service prime broker focused on providing services to institutional customers in a clearing, hedge funds, and family offices. Weeden Prime Services was founded in 2009 and is based in Greenwich, Connecticut.

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