Wedbush Securities Inc. is a large advisory firm based in Los Angeles. It manages $2.46 billion of regulatory assets for 5,993 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Wedbush Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wedbush Securities Inc. is $2.46 billion. The firm's AUM has grown by 236% since the beginning of its operation, and $7.12 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wedbush Securities Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, commissions, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Harry L Langdon is individuals with 5,455 clients and $1.48 billion of assets under management. Among the 9 most similar advisory firms, Wedbush Securities has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $2.45 billion for 5,969 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Wedbush Securities doesn't advise any private funds.
The company employs 800 people that are either part- or full-time employees. 19 percent of the employees work as investment advisers or researchers. 250 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Harry L Langdon has been acting as President since 1 Feb 1999. Robert Gerard Fitzsimmons joined the executive team most recently as the Executive Vice President.
The principal office where Wedbush Securities Inc. performs its advisory services is located at Attn: Business Conduct, Los Angeles, CA 90017, which is also the mailing address of the firm. An additional office of the firm is in Salem, OR. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 213-688-8000 or by fax 213-688-6653. The normal business hours are 7:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at wedbush.com and its LinkedIn profile.