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Wedbush Securities
Wedbush Securities Inc. is a privately held financial services firm based in Los Angeles. As of April 2025, the firm had $5.7 billion under management with 10,099 clients.
Wedbush operates three divisions: Wealth Management, Investment Banking & Capital Markets, and Clearing & Execution.[citation needed]
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. The company was named after Wedbush because neither partner wanted a possible business failure named after them and Wedbush lost a coin toss.
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. In 1972, the firm began offering correspondent clearing services, providing trade execution for other brokerage firms.
On September 30, 2024, Wedbush unveiled their new Pasadena headquarters, replacing their Los Angeles headquarters, which the company expects to officially move into in 2025.
In 2011, Wedbush acquired Lime Brokerage, with the goal of integrating Lime's "high-performance trading technologies" with Wedbush's Advanced Clearing Services.
In 2018, Wedbush acquired Lightspeed, an American electronic trading platform. In the transaction, Lightspeed merged with Lime Brokerage, LLC, an agency brokerage owned by Wedbush.
In 2023, Wedbush entered into a partnership with Maybank, Malasia’s largest bank by market capitalization and total assets (at the time), which enables Wedbush clients to trade in Southeast Asian markets and granting access to Maybank’s research and market insights. Also in 2023, Wedbush became the largest shareholder of Velocity Trade, a Toronto-based global broker dealer.
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Wedbush Securities
Wedbush Securities Inc. is a privately held financial services firm based in Los Angeles. As of April 2025, the firm had $5.7 billion under management with 10,099 clients.
Wedbush operates three divisions: Wealth Management, Investment Banking & Capital Markets, and Clearing & Execution.[citation needed]
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. The company was named after Wedbush because neither partner wanted a possible business failure named after them and Wedbush lost a coin toss.
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. In 1972, the firm began offering correspondent clearing services, providing trade execution for other brokerage firms.
On September 30, 2024, Wedbush unveiled their new Pasadena headquarters, replacing their Los Angeles headquarters, which the company expects to officially move into in 2025.
In 2011, Wedbush acquired Lime Brokerage, with the goal of integrating Lime's "high-performance trading technologies" with Wedbush's Advanced Clearing Services.
In 2018, Wedbush acquired Lightspeed, an American electronic trading platform. In the transaction, Lightspeed merged with Lime Brokerage, LLC, an agency brokerage owned by Wedbush.
In 2023, Wedbush entered into a partnership with Maybank, Malasia’s largest bank by market capitalization and total assets (at the time), which enables Wedbush clients to trade in Southeast Asian markets and granting access to Maybank’s research and market insights. Also in 2023, Wedbush became the largest shareholder of Velocity Trade, a Toronto-based global broker dealer.