Wedbush Securities Inc
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Overview
Wedbush Securities Inc is a financial advisory company headquartered in Los Angeles, California. The firm administers $3.9 billion in assets throughout 8,553 accounts, making it one of the largest investment advisory firms in the United States by assets under management (AUM). The firm has a large team, including 250 financial advisors. Wedbush Securities Inc does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets such as options, bonds and equities.
Wedbush Securities Inc administers most of its accounts on a discretionary basis. Discretionary management means that buy and sell decisions are made by a portfolio manager without requiring client permission. Wedbush Securities Inc also manages 2,621 non-discretionary accounts totaling $1.2 billion in AUM. The firm's typical account size is $450,989. The average financial advisor at Wedbush Securities Inc administers around 34 client accounts, placing it towards the middle in terms of personalization.
The company's central office is at Attn: Compliance Dept., Los Angeles, California 90017. Wedbush Securities Inc is allowed to serve clients throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Wedbush Securities Inc by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$3.9 billion
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
920
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
8,553
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$451.0 thousand
Products and Services
Wedbush Securities Inc offers multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the last fiscal year, the firm provided 500 of its accounts with financial planning services. The company is engaged in selling products or offering services different than investment advice to its clients. The firm is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors vary depending on which service is provided. Fee types billed by the company may include the following fee types: asset-based, fixed or commission-based. Wedbush Securities Inc participates in a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 1% of firms
Commissions
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company manages money for a broad range of clients. Wedbush Securities Inc caters to retail investors, high net worth investors, pooled investment vehicles, charitable organizations, corporations and other. Out of its 8,553 customers, Wedbush Securities Inc's biggest client is retail investors, but it also serves 1,176 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its customers are from outside of the U.S.
- High-Net-Worth Individuals* - 13.75%
- Other Individuals - 84.84%
- Corporations - 1.17%
- Charitable Organizations - 0.25%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Wedbush Securities Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Wedbush Securities Inc
Anchorage, AK
Dallas, TX
Newport Beach, CA
Gleneden Beach, OR
Los Angeles, CA
Jersey City, NJ
Sacramento, CA
Los Angeles, CA
Los Angeles, CA
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