Siebert Financial Corp. announced that it has completed the purchase of an office building located at 653 Collins Avenue in Miami Beach, Florida. The purchase reflects Siebert's ongoing commitment to expand in the Greater Miami area and the location will serve as the primary operations of RISE Prime (“RISE”), a division of RISE Financial Services, LLC, which 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.

653 Collins Avenue, built in 1940, spans approximately 12,000 square feet and is strategically located two blocks from 5th Street/MacArthur Causeway which connects Miami Beach to Downtown Miami. The purchase strengthens Siebert's presence in the Greater Miami area following the opening of Siebert's office in Miami approximately three years ago.