AdvisorRanked
60
Multiple Red Flags

WEDBUSH SECURITIES INC.

ATTN: COMPLIANCE DEPT., PASADENA, CA 91101
commissionSEC Registered
213-688-8000 www.linkedin.com/company/wedbush/ CRD #877
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$5.7B
Assets Managed
202
Clients
897
Employees
56
Years Active
since 1970

Compensation Model

% of Assets (AUM)
Hourly Fees
Fixed / Flat Fees
Commissions
Performance Fees

Compensation type disclosed on SEC Form ADV Item 5C. Filed 46128. Specific fee percentages are available in this firm's Form ADV Part 2A brochure at adviserinfo.sec.gov.

Conflict of Interest Analysis

Broker-Dealer Affiliated: Yes

This firm is affiliated with a broker-dealer, which means they may earn commissions on product sales — creating a potential conflict between their revenue and your best interest.

Insurance Licensed: No

Not insurance licensed. Cannot sell you annuity or insurance products directly.

Custody of Client Assets: Yes

This firm has direct custody of client assets, rather than using an independent custodian. This is a higher-risk arrangement that requires additional regulatory safeguards.

Proprietary Products: No

Uses only third-party investment products. No proprietary product conflicts.

Regulatory & Disciplinary History

complaint46128

66 customer complaint(s)/arbitration(s) disclosed on Form ADV Item 11.

Resolved

Total complaints on record: 66

Complaint ratio: 32.67 per 100 clients

Industry average is approximately 0.15 complaints per 100 clients. A ratio above 0.30 is considered elevated.

Firm Details

Legal NameWEDBUSH SECURITIES INC.
CRD Number#877
SEC RegisteredYes
Registration Date1970-02-27
States RegisteredCA
Assets Under Management$5.7B
Number of Clients202
Employees897
Compensation Typecommission
Last ADV Filing46128

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Frequently Asked Questions

Is WEDBUSH SECURITIES INC. a fiduciary?

No. WEDBUSH SECURITIES INC. is not registered as an RIA and is not legally bound by the fiduciary standard.

How does WEDBUSH SECURITIES INC. charge clients?

WEDBUSH SECURITIES INC. uses a commission compensation model. They also earn commissions on product sales, which may create conflicts of interest. Full fee details are in their Form ADV Part 2A brochure at adviserinfo.sec.gov.

Does WEDBUSH SECURITIES INC. have any complaints?

Yes. WEDBUSH SECURITIES INC. has 66 complaint(s) on record. Their complaint ratio is 32.67 per 100 clients (industry average: ~0.15).

How does WEDBUSH SECURITIES INC. compare to other advisors in PASADENA?

WEDBUSH SECURITIES INC. has a Red Flag Score of 60/100. There are 41 registered advisory firms in PASADENA. Use our city page to compare firms side by side.

Where does this data come from?

All information is sourced from SEC Form ADV public filings (mandatory regulatory disclosures) and FINRA BrokerCheck records. Last updated: 2026-06-24. We do not accept payment from financial advisors.

Data source: SEC Form ADV (Parts 1 and 2A) filed with the Investment Adviser Registration Depository (IARD). Filing date: 46128. Last data refresh: 2026-06-24. AdvisorRanked does not verify the accuracy of SEC filings. This is not financial advice.