Siebert Financial : 2019 Annual Report

CONTENTS

Milestones3

Building on Growth4

Financial Highlights5

Letter from the Controlling Shareholder and Board Member6

Letter from the CFO9

Important Note12

Form 10-K13

Our Mission

Our mission is to add value for our shareholders, clients, and strategic partners by pursuing growth strategies that allow us to take advantage of evolving opportunities in the financial services industry. By leveraging our core strengths across a spectrum of financial service capabilities, we can assist our clients in meeting their financial objectives. We are committed to building the type of company that values our clients, shareholders, and employees.

MILESTONES

Siebert Expansion

JANUARY 2019

Acquisition of 15% of StockCross

Purchased 15% stake in StockCross Financial Services, Inc., a clearing broker-dealer.

Miami Branch O ce Grand

Siebert hosted a grand opening of its o ce in

Miami, Florida. This o ce will serve as a new operating hub expanding

Siebert's presence to another wealth capital of the east coast.

JULY 2019

Russell 2000®Index

Siebert maintained its inclusion in the Russell 2000® Index as part of the 2019 Russell U.S. Indexes reconstitution, further solidifying its visibility in the capital markets.

DECEMBER 2019

Acquisition of WPS

Completion of the acquisition of WPS Prime Services, LLC, a prime brokerage service provider.

JANUARY 2020

Acquired Remaining 85% of StockCross

StockCross provides an array of new business lines such as clearing operations, corporate services, securities lending, and market making.

BUILDING ON GROWTH

New Siebert Revenue Streams

Subsidiaries

Muriel Siebert & Co., Inc. (MSCO)

Siebert AdvisorNXT, Inc.

(SNXT)Park Wilshire Companies, Inc.

(PWC)Siebert Technologies, LLC. (STCH)

WPS Prime Services, LLC

(WPS)

Business Lines

Recently Acquired

Portfolio PlanningRetail TradingRegistered Investment

AdvisorInsurance

Technology Development

Recently Acquired

FINANCIAL HIGHLIGHTS
New acquisitions
and incremental
Key Metrics	investment in
our business
will lead to a new
Impressive performance and exciting growth.
era of growth
In addition to a strong year of performance, new acquisitions and
incremental investment in our business will lead to a new era of	and opportunity
growth and opportunity for Siebert.
for Siebert.

33%

Growth of Assets Under Management

68%

Growth of Advisory Fees

57%

Balance Sheet Assets Growth

NEW BUSINESS

LINES

Clearing Operations Corporate Services Securities Lending

Market Making Prime Brokerage

6

Growth in Office Locations

All growth percentage calculations refer to the year-over-year change from 2018 to 2019.

NEW PARTNERSHIP

WITH INVESTCLOUD