Wedbush Securities
 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1955 Los Angeles, California |
| Founders |
|
| Headquarters | 1000 Wilshire Boulevard Los Angeles, CA 90017 |
Key people | Gary L. Wedbush (President) |
| AUM | US$4.14 billion (2022) |
Number of employees | 900 (2022) |
| Website | wedbush |
| Footnotes / references [1] | |
Wedbush Securities Inc. is a privately held investment firm based in Los Angeles.[2] As of January 2024, the firm had $4.5 billion under management with 9,055 clients.[3]
History
The firm was founded in 1955 by two high school friends, Edward W. Wedbush, and Robert Werner, in Los Angeles, California. They each contributed $5,000 to capitalize their new company, Wedbush & Company.[4] The company was named after Wedbush because neither partner wanted a possible business failure named after them and Wedbush lost a coin toss.[5]
Wedbush opened its first office in 1957 located in the
brokerage firms.[7]
References
- ^ "Wedbush Securities Inc. Form ADV" (PDF). U.S. Securities and Exchange Commission. 3 May 2022. pp. 22–23.
- ^ "Our Firm". Wedbush.
- ^ "Wedbush Securities Inc". Money. U.S. News & World Report. Retrieved January 27, 2024.
- ^ "After More Than 50 Years in the Securities Business, RSF Resident Still Dedicated to the Work He Loves." Rancho Santa Fe Review, February 19, 2009, p. 8
- ^ Hamilton, Walter. "Edward Wedbush's roof leaks, but his wallet doesn't". LA Times. Retrieved 25 October 2011.
- ^ "After More Than 50 Years in the Securities Business, RSF Resident Still Dedicated to the Work He Loves." Rancho Santa Fe Review, February 19, 2009, p. 8.
- ^ "He’s Still Smiling." Eugene Register-Guard, May 22, 1974, p. 2C.