Siebert Financial completes acquisition of stake in Tigress Financial Partners

Siebert Financial Corp. closed its acquisition of a 24% stake in Tigress Financial Partners LLC.

As part of the transaction, Siebert unit WPS Prime Services LLC will be rebranded as RISE Financial Services LLC, a woman-owned, diverse financial services firm. Its RISE Prime division offers environmental, social and governance-aligned prime brokerage services. Tigress parent Tigress Holdings LLC received 24% of RISE Financial and shares of Siebert common stock.

Tigress' founder Cynthia DiBartolo will become the CEO of RISE Financial and continue to serve as CEO of Tigress. She will also join Siebert's board. Gloria Gebbia will serve as chief impact officer at RISE Financial and join Tigress' board.