NEW YORK, April 29, 2026 — Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR) today announced it will provide a an expanded range of managed services to Muriel Siebert & Co., LLC (NASDAQ: SIEB), a full services brokerage firm serving individual and institutional investors. The agreement expands the key functions that Broadridge will support for Muriel Siebert, enabling the firm to streamline key processes, enhance consistency, reduce costs and scale more efficiently.
“Utilizing the Broadridge managed services suite allows Siebert to focus on what we do best: providing differentiated services to our institutional and retail clients,” commented John J. Gebbia, CEO of Siebert Financial. "Working with Broadridge means that we can leverage their operations expertise and scale to better serve clients, lower our operating costs, and scale efficiently.”
By leveraging Broadridge’s global operating model and “follow-the-sun” service capabilities, along with its market leading operations expertise, Siebert benefits from enhanced operational consistency and access to specialized resources. Broadridge’s investments in automation, including AI and technology enabled optimization, further support the reduction of manual processes and ongoing efficiency gains. Broadridge will now support a full range of operational functions including trade support and settlement activities, purchase and sales (P&S) and options, expanded Depository Trust Company (DTC) settlement services, as well as corporate actions processing, including dividends and reorganizations, and mutual fund trade processing.
“We are proud to expand our work with Siebert and support their efforts to operate more efficiently and scale for the future,” said Tom Giacalone, Head of Business Process Outsourcing, Broadridge. “Our managed services model enables firms like Siebert to simplify complex operations, improve efficiency, and maintain a high level of service for their clients, enabling them to compete more effectively in a rapidly evolving market.”
The expansion reflects broader industry dynamics, as wealth and brokerage firms increasingly look to managed services providers to address rising cost pressures, modernize operations, and ensure greater continuity and consistency across critical functions.
Broadridge’s managed services offering combines technology, operations, and industry expertise to deliver a more resilient and efficient operating model for financial services firms. By integrating advanced [agentic AI?] automation and continuously evolving technology capabilities, Broadridge enables clients to drive ongoing efficiency improvements, enhance service quality, and adapt more effectively to changing market and business demands.