Wedbush Securities Inc.
Registered investment adviser · Pasadena, CA · CRD #877
Form ADV data as of 2026-11-01Regulatory assets
$6.75 billion
Total accounts
10,833
Employees
288
Disclosure events
107
Firm details
- Website: http://www.wedbush.com
- Telephone: 213-688-8000
- SEC file number: 801-6358
- Most recent Form ADV filing: 2026-10-26
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 8 disclosure questions answered Yes, covering 107 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- SEC or CFTC found a violation of its regulations or statutes
- SEC or CFTC entered an order in connection with investment-related activity
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
- Another regulator found a violation of investment-related regulations or statutes
- Another regulator entered an order in connection with investment-related activity (past 10 years)
- A self-regulatory organization found a violation of its rules
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
- A court found involvement in a violation of investment-related statutes or regulations
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $5.25 billion |
| Non-discretionary regulatory assets under management | $1.50 billion |
| Total regulatory assets under management | $6.75 billion |
| Discretionary accounts | 8,464 |
| Non-discretionary accounts | 2,369 |
| Total accounts | 10,833 |
| Regulatory assets under management attributable to non-U.S. persons | $40.7 million |
People
| Total employees (excluding clerical) | 288 |
| Employees performing investment advisory functions (including research) | 288 |
| Employees who are registered representatives of a broker-dealer | 243 |
| Employees registered as investment adviser representatives with a state | 204 |
| Employees registered as IARs for another investment adviser | 4 |
| Employees who are licensed insurance agents | 131 |
| Firms or persons who solicit advisory clients on the firm's behalf | 1 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $6.75 billion |
| Clients for whom the firm has custody | 10,833 |
| A related person has custody of client cash or bank accounts | No |
| A related person has custody of client securities | No |
| The firm acts as a qualified custodian | Yes |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 1 |
How the firm is compensated
Advisory services offered
Other business activities
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys securities from or sells securities to advisory clients (principal transactions)
- Buys or sells for itself securities it also recommends to clients
- Recommends securities in which it has another proprietary interest
- Executes agency cross transactions involving advisory client securities
- Brokers or dealers selected under 8.C.(3) are related persons
- Compensates a non-employee for client referrals
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 7,515 | $2.95 billion |
| High net worth individuals | 3,138 | $3.49 billion |
| Pooled investment vehicles (other than investment companies and BDCs) | 6 | $11.0 million |
| Charitable organizations | 26 | $59.8 million |
| Corporations or other businesses not listed above | 101 | $190.1 million |
| Other | 47 | $40.7 million |