Siebert Corporate Service’s new partnership will support its stock plan clients and allow for future growth in equity compensation.
Siebert Financial Corp. (“Siebert”) and Carver Edison announced a new partnership to offer Carver Edison’s Cashless Participation to Siebert’s stock plan clients. This partnership provides current and future Siebert Corporate Services clients a powerful new tool in stock plan participation. Cashless Participation will help employees maximize their contributions to their company-sponsored stock plans without additional payroll deductions. Siebert’s clients can configure Cashless Participation to include share utilization and compensation expense limits.
Controlling shareholder and board member of Siebert, Gloria E. Gebbia, discussed the significance of this new partnership, “Corporate Services is a recently acquired business line for Siebert and will be key for our company going forward. We are constantly looking to improve our technology to support the needs of our partners and clients. This partnership with Carver Edison is a testament to our focus on growing our Corporate Services in the equity compensation industry while benefiting our current stock plan clients.”
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Corporate Services is a global offering that provides premiere level equity compensation management and technology solutions to public companies. The Carver Edison Cashless Participation partnership will be available to public companies that have partnered with Siebert for their equity compensation needs. Furthermore, the partnership allows for Cashless Participation with any new public companies that partner with Siebert in the future.
Carver Edison Founder and CEO Aaron Shapiro explained the significance of this new partnership, “Every day, we work to help companies increase the compensation of their global workforce while creating value for shareholders. Partnering with Siebert to deliver Cashless Participation to their stock plan clients expands our ability to accomplish this.”
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