Wedbush Securities INC.
Assets Under Management
$5.7B
Number of Clients
10,099
Number of Advisors
218
Average Client AUM
$568K
AUM per Advisor
$26.3M
Compensation
Commission-BasedFee-Only (AUM)Fixed/Hourly
About This Firm
Wedbush Securities offers investment advice and management services on a discretionary and non-discretionary basis through its Wealth Management division. It also provides wrap fee programs and financial planning services. Research services are offered to institutional clients for a fee.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $250K | 3.00% |
| $250K - $500K | 2.80% |
| $500K - $1.0M | 2.50% |
| $1.0M - $3.0M | 1.90% |
| $3.0M - $5.0M | 1.60% |
| $5M+ | 1.60% |
Fees negotiable for accounts over $5,000,001.
Fee Estimator
Wedbush Securities offers financial planning services for a separate fee, documented in a Financial Planning Agreement. The fees depend on the time allocated and the complexity of the plan. For Discretionary Managed Account – Independent Contractor (DMI-IC) and Self-Directed Investment Advisory Accounts – Independent Contractor (SDI-IC), the minimum to open an account is $25,000, but this may be waived. Fees are negotiable and billed quarterly in advance, subject to a minimum quarterly fee of $62.50 ($250 annually) for DMI-IC and $125 ($500 annually) for SDI-IC. There is no termination fee, and terminations result in a pro-rata return of fees billed but not yet incurred. For accounts over $5,000,001, fees are negotiable. Financial Consultants on the DMI-IC and SDI-IC platform typically assess (1) transactional charges of $14.00 per trade and (2) an activity assessment fee of $5.95 per trade.
Areas of Practice
Location
Attn: Compliance Dept., 1000 Wilshire Blvd. Suite 900, Los Angeles, CA, 90017