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.
According to Flyer Financial Technologies, rising portfolio complexity is exposing the limits of legacy infrastructure and widening the gap between automation and reality
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
According to Flyer Financial Technologies, rising portfolio complexity is exposing the limits of legacy infrastructure and widening the gap between automation and reality
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
