Siebert Stock Plan Services enhances leadership with the addition of finance veterans Daniel Coyle and Hunter Sattich.
Quiver AI Summary
Siebert Stock Plan Services (Siebert.SPS) has announced the addition of Daniel Coyle and Hunter Sattich to its leadership team, enhancing the company's capacity to deliver customized equity compensation solutions. Both new leaders bring extensive experience in finance and equity compensation, with Sattich focusing on optimizing equity plan processes and Coyle on crafting tailored strategies for public companies. They aim to address the needs of businesses often overlooked by larger firms, emphasizing a client-centric approach. Eric Tassell, President of Siebert.SPS, and CEO John J. Gebbia, Sr. highlighted the strategic significance of these hires, which align with the company's mission to offer innovative and personalized service to a diverse range of clients.
Potential Positives
- Daniel Coyle and Hunter Sattich have joined the leadership team, adding significant expertise in finance and equity compensation.
- Their hiring is expected to enhance Siebert.SPS's ability to provide customized, high-touch solutions, particularly for underserved businesses.
- Their combined experience is likely to drive superior client outcomes and improve operational efficiencies for clients.
- CEO John J. Gebbia emphasized the strategic importance of these additions, indicating potential for expanded reach and best-in-class solutions.
Potential Negatives
- The press release contains a significant disclosure regarding the risk factors associated with forward-looking statements, emphasizing uncertainties that may negatively impact the company's future performance.
- The emphasis on their tailored approach suggests a competitive disadvantage against larger firms, implying that they may not be able to scale effectively without sacrificing service quality.
- The focus on the new leadership hires and their expertise may indicate prior shortcomings in the company's capabilities, raising concerns about the effectiveness of the existing team prior to these additions.
FAQ
Who has joined Siebert Stock Plan Services leadership team?
Daniel Coyle and Hunter Sattich have joined the leadership team at Siebert Stock Plan Services.
What expertise do Coyle and Sattich bring to Siebert.SPS?
They bring decades of combined expertise in finance and equity compensation to enhance Siebert.SPS's service offerings.
How will Siebert.SPS benefit from these new additions?
Their expertise will help Siebert.SPS provide customized, high-touch equity compensation solutions for businesses of all sizes.
What is Siebert.SPS’s mission?
Siebert.SPS aims to deliver tailored equity compensation solutions that prioritize flexibility and client-focused results.
What services does Siebert Financial Corp. provide?
Siebert offers a range of services including securities brokerage, investment advisory, financial planning, and stock plan administration.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SIEB Hedge Fund Activity
We have seen 8 institutional investors add shares of $SIEB stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GEODE CAPITAL MANAGEMENT, LLC added 85,456 shares (+70.4%) to their portfolio in Q3 2024, for an estimated $216,203
- COLONY GROUP, LLC added 36,800 shares (+inf%) to their portfolio in Q3 2024, for an estimated $93,104
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 14,676 shares (+inf%) to their portfolio in Q3 2024, for an estimated $37,130
- VANGUARD GROUP INC added 9,764 shares (+2.8%) to their portfolio in Q3 2024, for an estimated $24,702
- TOWER RESEARCH CAPITAL LLC (TRC) removed 5,511 shares (-78.0%) from their portfolio in Q3 2024, for an estimated $13,942
- BLACKROCK, INC. removed 3,519 shares (-6.9%) from their portfolio in Q3 2024, for an estimated $8,903
- SIMPLEX TRADING, LLC removed 3,198 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $8,090
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MIAMI, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Siebert Stock Plan Services (
Siebert.SPS
), a division of
Siebert Financial Corp.
(NASDAQ: SIEB), today announced that Daniel Coyle and Hunter Sattich have joined its leadership team. With decades of combined expertise in finance and equity compensation, their arrival bolsters Siebert.SPS’s ability to provide customized, high-touch solutions for businesses of all sizes, especially those often underserved by larger, consolidated providers.
“Dan and Hunter bring unparalleled expertise and a hands-on approach that perfectly align with Siebert.SPS’s mission to offer tailored equity compensation solutions,” said Eric Tassell, President and Head of Stock Plan Services at Siebert, highlighting the significance of these hires. “Our unique positioning enables us to support companies of all sizes, from emerging firms to established enterprises, with a level of personalization and innovation that larger providers can’t match.”
Hunter Sattich, a Certified Equity Professional (CEP) with more than 30 years of industry experience, has built a reputation for streamlining equity plan processes, optimizing workflows, and driving superior client outcomes. His expertise lies in helping companies navigate complex stock plan challenges while delivering seamless participant experiences.
“I’ve seen firsthand how many businesses are overlooked by large providers,” said Sattich. “Siebert.SPS’s commitment to addressing these gaps and delivering impactful solutions is what excites me most about this opportunity.”
Daniel Coyle, with more than 20 years of experience in finance and compensation, specializes in crafting tailored strategies that address the unique needs of public companies. Known for his consultative approach, Dan excels at aligning operational efficiencies with strategic goals, ensuring that clients receive equity solutions that drive measurable success.
“Siebert.SPS offers a refreshing approach to equity compensation—one that prioritizes flexibility and client-focused results,” said Coyle. “I’m thrilled to be part of a team redefining how companies, big and small, manage their stock plans.”
John J Gebbia Senior, CEO of Siebert Financial, emphasized the strategic importance of these additions:
“Dan and Hunter are invaluable additions to our team,” said John J. Gebbia, Sr., CEO of Siebert Financial. “Their expertise and client-first mentality will help us expand Siebert.SPS’s reach and redefine what’s possible in equity compensation. This is a pivotal step in our ongoing mission to deliver best-in-class solutions to companies of all sizes.”
About Siebert.SPS
Siebert Stock Plan Services (Siebert). SPS partners with publicly traded companies to deliver tailored equity compensation solutions. Focusing on technology-driven platforms and exceptional customer service, Siebert.SPS supports businesses in streamlining their stock plan administration, ensuring compliance, and maximizing participant engagement.
About Siebert Financial Corp.
Siebert is a diversified financial services company and has been a member of the NYSE since 1967, when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.
Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, and StockCross Digital Solutions, Ltd, and Gebbia Entertainment LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions, in addition to entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at
www.siebert.com
.
Cautionary Note Regarding Forward-Looking Statements
The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.
These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A - Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2023, and Siebert’s filings with the SEC.
Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws.
Media Contact:
Deborah Kostroun, Zito Partners
deborah@zitopartners.com
+1 (201) 403-8185
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1fe733b9-5a10-411c-a0da-a8b372e1b53d
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