Wedbush Securities Inc. is a privately held financial services firm based in Los Angeles.[2] As of April 2025, the firm had $5.7 billion under management with 10,099 clients.[3]
Wedbush operates three divisions: Wealth Management, Investment Banking & Capital Markets, and Clearing & Execution.
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 Crenshaw district of Los Angeles. Three years later, Robert Werner decided to sell his interest in the firm to Ed Wedbush.