Wedbush Morgan Securities Inc. is a large advisory firm based in Los Angeles. It manages $583.36 million of regulatory assets for 2,472 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 43 other states.
Wedbush Morgan Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
Wedbush Morgan Securities: assets under management
The assets under management (AUM) of Wedbush Morgan Securities Inc. is $583.36 million. The firm's AUM has grown by 1141% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $381.08 million in discretionary accounts and $202.28 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $219.89 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $273.73 thousand.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Wedbush Morgan Securities Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, commissions, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
Careers at Wedbush Morgan Securities Inc.
Jack C Davis has been acting as President since 1 Dec 1994. Eric Dean Wedbush joined the executive team most recently as the Director.
Direct owners and executive officers
Based in Los Angeles
The principal office where Wedbush Morgan 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 Newport Beach, CA. 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 .
