SEC-registered wealth management firm Broker-dealer affiliated
Wedbush Securities Inc.
As of its Form ADV filed September 29, 2026, Wedbush Securities Inc., an SEC-registered, broker-dealer affiliated wealth management firm in Pasadena, California, reported $6.7 billion in regulatory assets under management across 10,833 accounts, ranking #35 among all wealth firms in California by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 877
- SEC file number
- 801-6358
- Registered since
- February 27, 1970
- Latest Form ADV filing
- September 29, 2026
- Organized as
- Corporation
- Fiscal year ends
- June
- Other offices
- 58
Key figures
- Regulatory assets under management
- $6.7 billion
- Discretionary
- $5.3 billion (77.8%)
- Non-discretionary
- $1.5 billion
- Accounts
- 10,833 (8,464 discretionary)
- Clients
- 10,833, approximate as reported
- Employees
- 288
- Advisory staff
- 288 performing investment advisory functions
- Average account
- $622,925
- Asset growth, 1 year
- 17.6% (from $5.7 billion a year earlier)
- Asset growth, 3-year annual rate
- 14.4% (from $4.5 billion three years earlier)
- Asset growth, 5-year annual rate
- 10.2% (from $4.1 billion five years earlier)
- Client growth, 1 year
- 7.3% (from 10,099)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $732.5 million |
| October 3, 2011 | $1.1 billion |
| October 1, 2012 | $1.1 billion |
| October 1, 2013 | $1.0 billion |
| October 1, 2014 | $1.3 billion |
| October 1, 2015 | $1.3 billion |
| October 3, 2016 | $1.5 billion |
| October 2, 2017 | $1.6 billion |
| October 1, 2018 | $2.0 billion |
| October 1, 2019 | $2.5 billion |
| October 1, 2020 | $2.4 billion |
| October 4, 2021 | $4.1 billion |
| October 3, 2022 | $3.9 billion |
| October 5, 2023 | $4.5 billion |
| October 1, 2024 | $5.7 billion |
| September 2, 2025 | $5.7 billion |
| October 2, 2026 | $6.7 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 3,138 clients | $3.5 billion | |
| Individuals (other than high net worth) 7,515 clients | $3.0 billion | |
| Corporations or other businesses 101 clients | $190.1 million | |
| Charitable organizations 26 clients | $59.8 million | |
| Other 47 clients | $40.7 million | |
| Pooled investment vehicles 6 clients | $11.0 million |
How the firm is paid
- A percentage of assets under management
- Fixed fees
- Commissions
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Pension consulting
- Selection of other advisers
- Educational seminars or workshops
Financial planning clients (Item 5.H): 1000.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Futures commission merchant
- Insurance broker or agent
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Swap dealer
- Futures commission merchant
- Sponsor, general partner or managing member of pooled investment vehicles
Custody (Item 9)
The firm reported custody of client cash or securities, $6.7 billion in total.
Investment adviser representatives
- IARs registered with the firm
- 222
- Also registered through a broker-dealer
- 221
- Employees who are IARs (Form ADV 5.B(3))
- 204
Designations held by the firm's IARs: CFP 7, CFA 3, ChFC 1, PFS 1.
Between 135 and 187 of the firm's 222 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 8 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in California
| Firm | City | RAUM |
|---|---|---|
| Bailard, Inc. | Foster City | $7.6 billion |
| Signature Investment Advisors, LLC | Los Angeles | $6.8 billion |
| NWF Advisory Services Inc | Los Angeles | $6.4 billion |
| KCM Investment Advisors | Greenbrae | $6.0 billion |
| Westmount Partners, LLC | Los Angeles | $5.9 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Wedbush Securities Inc. on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.wedbush.com
- Wealth management firms in California
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.