Edward Wedbush, founder of Wedbush Securities, dies at 87

Edward Wedbush, founder of Wedbush Securities, dies at 87
Mr. Wedbush, who was known as Ed, founded his firm in 1955 as Wedbush & Co.
JAN 07, 2020
By  Bloomberg

Edward W. Wedbush, founder of the Los Angeles-based brokerage and investment bank Wedbush Securities, has died. He was 87.

Wedbush died Jan. 5 at his home in Rancho Santa Fe, California, the closely held firm said in a statement. No cause of death was given.

Mr. Wedbush, who was known as Ed, founded his firm in 1955 as Wedbush & Co. He was president and chief executive officer for 63 years, before relinquishing day-to-day leadership in 2018. His son Gary Wedbush was named co-president with Richard Jablonski.

The elder Wedbush didn’t retire. He continued to come to the office and manage money for himself and a few long-term clients, Mr. Jablonski said at the time.

“Edward is and always will be remembered as a pioneer in financial services,” the firm said in its statement.

Edward Wedbush is survived by his wife, Jean, and his children, Gary, Eric and Leigh Ann, the company said.

Latest News

JPMorgan tells fintech firms to start paying for customer data
JPMorgan tells fintech firms to start paying for customer data

The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.

FINRA snapshot shows concentration in largest firms, coastal states
FINRA snapshot shows concentration in largest firms, coastal states

The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.

Why advisors to divorcing couples shouldn't bet on who'll stay
Why advisors to divorcing couples shouldn't bet on who'll stay

Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.

SEC spanks closed Osaic RIA for conflicts, over-charging clients on alternatives
SEC spanks closed Osaic RIA for conflicts, over-charging clients on alternatives

With more than $13 billion in assets, American Portfolios Advisors closed last October.

William Blair taps former Raymond James executive to lead investment management business
William Blair taps former Raymond James executive to lead investment management business

Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.