Siebert Financial today announced the formation of a new investment management division, Siebert Investment Advisors (SIA).

Under a service arrangement with Palladiem LLC, SIA will provide customized investment products and services to clients. The new division is headquartered in New York, with offices in Jersey City, N.J., Beverly Hills and Boca Raton.

In addition, SIA will provide access to Brinker Capital’s Destinations Mutual Fund Wrap Program, which offers asset allocation strategies targeting specific investment objectives.

Suzanne Shank was named acting CEO of Siebert Financial after the death of Mickie Siebert in 2013. A 25-year veteran of the industry, Shank is also president and CEO of the municipal finance firm Siebert Brandford Shank & Co., L.L.C.

“The introduction of an investment management division at our firm is a major step forward in our mission to build upon the stellar legacy of integrity and sound business practices established by our founder, Muriel “Mickie” Siebert,” said Shank. “Over the years, many of our clients expressed a strong interest in an advisory option. As we considered ways to continue Mickie’s legacy of innovation, while broadening our relationships and engaging more deeply with our clients, investment management was a clear area for expansion.”