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(800) 993 2015

Who WE Are

In February of 2025, Siebert Financial launched its Investment Banking Division, a middle-market focused platform to provide advisory and financing solutions to a broad range of industries with a particular niche focus on Financial Institutions & Digital Assets. The firm combines institutional capital markets expertise with a unique two-pronged retail distribution network comprised of Siebert’s captive brokers with $20 bn of AUM and long-standing relationships nationwide with a network of RIAs, family offices and smaller broker dealers to deliver strong execution and personalized service. Backed by over a century of industry experience, the team prides itself on its unwavering commitment to provide agnostic, practical, tailored solutions for our clients to achieve their goals.
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What we do

We offer a full suite of investment banking services tailored to the unique needs of middle-market companies, helping leaders unlock value, raise capital, and move their businesses forward.

Corporate
Finance
M&A
Advisory
Debt Capital
Markets
Equity Capital
Markets
Special Situations
Advisory

Our Services

Capital Markets Advisory

Asset Liability Management
Non-Deal Roadshows
Rating Agency Advisory
Tenders/Buybacks

Debt Capital Markets

144/A & 4(a)(2) Debt Private Placements
Convertibles
Credit / Warehouse Facilities
Public & Private Hybrid Securities (i.e., Fixed-Rate Reset Preferreds)
Public & Private Term Debt (Unsecured & Secured)
SEC Registered ($1,000/Par) & “Baby Bonds” ($25/Par)

Equity Capital Markets

ATMs
Confidentially Marketed Public Offerings (CMPOs)
IPOs
Pre-IPO Private Placements
Primary & Secondary Follow-On Offerings
Private Investments in Public Equity (PIPEs)
Private Placements
Registered Directs
SPACs & De-SPACs

M&a Advisory

Fairness Opinions
Sales & Divestitures
Strategic Acquisitions, Alternatives & Partnerships
Special Committee Assignments
Spinoffs & Split-offs

Select Transactions

NewtekOne, Inc.
$50,000,000
8.50% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B
Lead Manager
August 2025
Ramaco Resources, Inc.
$65,000,000
8.25% Senior Notes
Due 2030
Lead Manager
July 2025
Siebert Financial Corp.
$50,000,000
At-The-Market (ATM)
Program
Placement Manager
June 2025
Medallion Bank
$77,500,000
9.00% Fixed-Rate Reset
Non-Cumulative
Perpetual Preferred
Lead Manager
May 2025

Meet the team

All
Banking
Institutional Sales
Equity Research

John (Randy) Billhardt

Head of Capital Markets
(203) 521-8601 (M)
rbillhardt@siebert.com
NEW YORK OFFICE
‍
Randy brings over 30 years of Wall Street experience, including leadership roles at MLV and B. Riley Securities. He served as Head of Trading at Paine Webber and UBS for over 18 years before joining MLV in 2010. There, he played a pivotal role in helping to build the new broker-dealer that merged with FBR in 2015 and then with B. Riley in 2017. Randy has been delivering results in Capital Markets for more than 15 years and is an established leader in unsecured notes and preferred stock issuance. He has a BA from Denison University focused on Psychology and Political Science and an MBA from the Amos Tuck School at Dartmouth College.

Kimberly A. Boulmetis

Co-Head of Investment Banking
(212) 521-8601 (W)
(732) 337-1515 (M)
kboulmetis@siebert.com
NEW YORK OFFICE
Kimberly joined Siebert in February 2025. Kim has over 25 years of experience in investment banking and debt capital markets advisory. She most recently was the Head of U.S. Financial Institutions for the DCM Group at Mitsubishi UFJ Financial Group (MUFG), which is the Securities Division of Japan’s largest bank. Kimberly was responsible for covering a broad roster of financial institution clients including banks, insurance companies, asset management firms, and private equity sponsors. She has a deep knowledge of markets and vast experience raising strategic and opportunistic capital in both the public and private markets. After starting her career in Municipal Banking in 1996 at Bear Stearns, she has held senior positions on Wall Street firms including J.P. Morgan, Bank of NY, Bernstein Global Wealth Management, and Oppenheimer. She earned a B.S. in Finance from the University of Maryland and a Juris Doctor from Rutgers School of Law. She was a 12-year member of the Board of Advisors for the Robert H. Smith School of Business at the University of Maryland from 2002 to 2014.

Ajay Asija

Co-Head of Investment Banking
(212) 521-8607 (W)
(917) 902-7823 (M)
aasija@siebert.com
NEW YORK OFFICE
Most recently, Ajay was CFO of BM Technologies (BMTX), a publicly traded FinTech company where he successfully orchestrated the sale of the company at a 90% premium to market. Previously, Ajay was a Group Head at B. Riley Financial and its predecessor FBR’s Investment Banking group, where he worked for 11 years. He has been providing a wide range of M&A and capital-raising services to both public and private companies for 25 years and has consummated over $90 billion of transactions. Ajay started his career on Wall Street at Lehman Brothers and has held senior positions in Investment Banking at J.P. Morgan, Bear Stearns, and Macquarie prior to joining FBR, B. Riley’s predecessor in 2012. He holds a B. Tech in Electrical Engineering from the Indian Institute of Technology, New Delhi, an MS in Electrical Engineering from the University of Massachusetts Amherst, and an MBA in Finance from the Simon School of Business at the University of Rochester.

Brian Vieten

Crypto and Digital Assets Equity Research Analyst
(646) 661-7103 (M)
bvieten@siebert.com
NEW YORK OFFICE
Brian Vieten publishes institutional-grade research on cryptocurrency, blockchain infrastructure, Web3 applications, and public companies with material exposure to digital assets. This expands the firm’s research footprint and strengthens support for clients across Capital Markets and Investment Banking. Brian joins Siebert from Needham & Company, where he focused on Crypto Assets and Blockchain, as well as HPC and AI infrastructure coverage. Earlier roles include equity research posts at Cowen & Company and Stifel Nicolaus. He has nearly a decade of equity research experience, eight years in the crypto space, and he founded a long-short crypto fund in 2022. He has passed all three levels of the CFA Program.

Daniel Ondeck

Head Institutional Sales & Banking Distribution
202-991-7683 (D)
dondeck@siebert.com
WASHINGTON DC OFFICE
Daniel M. Ondeck has joined the firm as Head of Institutional Sales. Based in our newly opened office in Washington, D.C., he will lead institutional client coverage and distribution across sector verticals and work closely with Siebert’s investment bankers on origination and execution. Daniel brings more than two decades of experience in institutional sales and capital markets. He began his career as an Infantry Captain in the United States Marine Corps and holds a B.A. from Denison University. He later served in senior sales roles at B. Riley Financial and its predecessor FBR where he was consistently a top producer.

John (Randy) Billhardt

Head of Capital Markets
(203) 521-8601 (M)
rbillhardt@siebert.com
NEW YORK OFFICE
‍
Mr. Billhardt brings over 30 years of Wall Street experience, including leadership roles at MLV and B. Riley Securities. He served as Head of Trading at Paine Webber and UBS for over 18 years before joining MLV in 2010. There, he played a pivotal role in helping to build the new broker-dealer that merged with FBR in 2015 and then with B. Riley in 2017. Mr. Billhardt has been delivering results in Capital Markets for more than 15 years and is an established leader in unsecured notes and preferred stock issuance. Mr. Billhardt has a BA from Denison University focused on Psychology and Political Science and an MBA from the Amos Tuck School at Dartmouth College.

Kimberly A. Boulmetis

Co-Head of Investment Banking
(212) 521-8601 (W)
(732) 337-1515 (M)
kboulmetis@siebert.com
NEW YORK OFFICE
Kimberly joined Siebert in February of 2025. Kim has over 25 years of experience in investment banking and debt capital markets advisory. She most recently was the Head of U.S. Financial Institutions for the DCM Group at Mitsubishi UFJ Financial Group (MUFG), which is the Securities Division of Japan’s largest bank. Kim was responsible for covering a broad roster of financial institution clients including banks, insurance companies, asset management firms, and private equity sponsors. She has a deep knowledge of markets and vast experience raising strategic and opportunistic capital in both the public and private markets. After starting her career in Municipal Banking in 1996 at Bear Stearns, she has held senior positions on Wall Street firms including J.P. Morgan, Bank of NY, Bernstein Global Wealth Management, and Oppenheimer. Ms. Boulmetis earned a B.S. in Finance from the University of Maryland and a Juris Doctor from Rutgers School of Law. She was a 12-year member of the Board of Advisors for the Robert H. Smith School of Business at the University of Maryland from 2002 to 2014.

Ajay Asija

Co-Head of Investment Banking
(212) 521-8607 (W)
(917) 902-7823 (M)
aasija@siebert.com
NEW YORK OFFICE
Most recently, Ajay Asija was CFO of BM Technologies (BMTX), a publicly traded FinTech company where he successfully orchestrated the sale of the company at a 90% premium to market. Previously, Mr. Asija was a Group Head at B. Riley Financial and its predecessor FBR’s Investment Banking group, where he worked for 11 years. He has been providing a wide range of M&A and capital-raising services to both public and private companies for 25 years and has consummated over $90 billion of transactions. Mr. Asija started his career on Wall Street at Lehman Brothers and has held senior positions in Investment Banking at J.P. Morgan, Bear Stearns, and Macquarie prior to joining FBR, B. Riley’s predecessor in 2012. Mr. Asija holds a B.Tech in Electrical Engineering from the Indian Institute of Technology, New Delhi, an MS in Electrical Engineering from the University of Massachusetts Amherst, and an MBA in Finance from the Simon School of Business at the University of Rochester.

Daniel Ondeck

Head Institutional Sales & Banking Distribution
202-991-7683 (D)
dondeck@siebert.com
WASHINGTON DC OFFICE
Daniel M. Ondeck has joined the firm as Head of Institutional Sales. Based in our newly opened office in Washington, D.C., he will lead institutional client coverage and distribution across sector verticals and work closely with Siebert’s investment bankers on origination and execution. Mr. Ondeck brings more than two decades of experience in institutional sales and capital markets. He began his career as an Infantry Captain in the United States Marine Corps and holds a B.A. from Denison University. He later served in senior sales roles at B. Riley Financial and its predecessor FBR where he was consistently a top producer.

Brian Vieten

Crypto and Digital Assets Equity Research Analyst
(646) 661-7103 (M)
bvieten@siebert.com
NEW YORK OFFICE
Brian Vieten publishes institutional-grade research on cryptocurrency, blockchain infrastructure, Web3 applications, and public companies with material exposure to digital assets. This expands the firm’s research footprint and strengthens support for clients across Capital Markets and Investment Banking. Vieten joins Siebert from Needham & Company, where he focused on Crypto Assets and Blockchain, as well as HPC and AI infrastructure coverage. Earlier roles include equity research posts at Cowen & Company and Stifel Nicolaus. He has nearly a decade of equity research experience, eight years in the crypto space, and he founded a long-short crypto fund in 2022. He has passed all three levels of the CFA Program.

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Disclosure

This website is provided for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or financial instruments in any jurisdiction. Any offer or solicitation will be made only pursuant to definitive transaction documents and in accordance with applicable law.

The transactions shown represent selected engagements and are not a complete list of all transactions executed by Siebert or its professionals. Inclusion of any transaction does not imply a current or future relationship and is not indicative of future results. Transaction roles are as stated. No assurance can be given that similar results will be achieved in future engagements.

Digital assets and securities with exposure to digital asset markets involve significant risk, are highly volatile, and are subject to evolving regulatory frameworks. Investments in digital asset-related securities may result in substantial or total loss. Services related to digital assets may not be available to all clients and may be offered only in certain jurisdictions and through certain affiliates.

Any research or commentary referenced on this site is provided for informational purposes only and does not constitute a recommendation or individualized investment advice. Siebert and its affiliates may, from time to time, provide investment banking or other services to, or have positions in, companies referenced in research. Additional research disclosures are available upon request or through applicable research reports.


Past transactions, experience, or performance are not indicative of future results. Transaction execution, financing availability, and outcomes depend on market conditions and other factors, and no assurance can be given that any particular result will be achieved.


Please do not submit confidential or material non-public information through this website. Submission of an inquiry does not create an engagement, advisory, or fiduciary relationship with Siebert. Communications may be monitored or retained in accordance with applicable law.

*References to Siebert’s distribution capabilities or network are descriptive only and do not imply that any investor will participate in any transaction, that securities will be offered through such channels, or that any transaction outcome is assured.

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Siebert Financial Corporation (“Siebert”) has a full range of brokerage and financial advisory services offered through its operating subsidiaries, affiliates and brands associated with Siebert Financial described below.

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