DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Wedbush Securities Inc.

Broker-dealer affiliated wealth managerPasadena, CaliforniaCRD 877SEC 801-6358websiteIAPD
Latest filing Apr 16, 2026
First filing on the tape Mar 30, 2012 · 64 filings
SEC status approved since Feb 27, 1970
RAUM
$5.7B
reported, Item 5.F
Discretionary
69%
of RAUM
Private clients
95%
$5.4B individuals and HNW
Advisors
220
registered through the firm on IAPD
RAUM per advisor
$25.8M
derived; firm RAUM over IAPD count
Employees
897
202 advisory (5.B.1)
Offices
58
beyond the principal office
Private funds
0
reported on Schedule D
History
64 filings and snapshots on the tape
RAUM$5.7B as of Apr 16, 2026
Sep 28, 2012$1.1B then
HNW client RAUM$2.8B as of Apr 16, 2026
Sep 28, 2018$694M then
State-registered IARs (5.B.3)315 as of Apr 16, 2026
Sep 30, 2013170 then
Employees (5.A)897 as of Apr 16, 2026
Sep 30, 20131,000 then
Private funds: no history
RAUM -1.0% over the last fiscal year+14% a year over threeIARs 214 to 315
Practice profile
derived from the filing of Apr 16, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$25.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
45derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.0MderivedHNW RAUM over HNW clients
Average account
$565,769derivedRAUM over accounts (5.F.2.f)
Discretionary
69%derivedof RAUM
Institutional
1.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
3.8derived59 offices incl. principal (1.F.5)
RAUM growth, one year
-1.0%derivedbetween the last two annual amendments
Advisor growth, one year
+47%derivedItem 5.B.3 between annual amendments
Client growth, one year
-0.3%derived
Compensation
percentage of assets, fixed fees, commissionsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Wrap fee program
$5.7BreportedItem 5.I
Custody
$5.7B, 10,048 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • the adviser acts as qualified custodian (9.D.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$2.8B49%
  • Individuals$2.6B46%
  • Corporations and businesses$161M2.9%
  • Charitable organizations$101M1.8%
  • Pooled investment vehicles$4.3M0.1%
Individual clients
7,291reported
HNW clients
2,636reported
Pension plan clients
n/areported
Charitable clients
13reported
Accounts
10,048reported
Financial planning clients
251-500reported
Wrap fee programs
$1.7B sponsored, $0 managedreported
Custody of client assets
$5.7B for 10,048 clientsreported
Compensation
% of AUM, fixed, commissionsreported
Class basis
private_client_share=0.95 fund_share=0.0 institutional_share=0.02 related_bd=true related_bank=false bd_reps=482.0derived
Advisors registered through the firm
218 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Michael Louis StewartPasadena, Ca Apr 10, 200626 y2
Michael David OhlsonSanta Rosa, Ca Jun 1, 200637 y0
Norman Eugene ParrottAnchorage, Ak Jun 1, 200628 y1
Dreux McnairyPasadena, CaJun 1, 200641 y0
David Charles SeymourPasadena, Ca Jul 20, 200645 y1
James Robert WardPasadena, Ca Sep 8, 200626 y2
Richard Scott GrahamPasadena, Ca Sep 8, 200637 y2
Scott Alan SmallmanSeattle, Wa Oct 27, 200644 y2
Kristin Lisa RathjenPersonal Financial SpecialistDenver, Co Nov 8, 200625 y0
Lawrence Staples BrownPasadena, Ca Nov 29, 200643 y1
Yoel EdunnPasadena, CaDec 15, 200628 y1
Michael Barry GladstonePasadena, CaJan 9, 200734 y1
Bernard Giles ObrienWoodland Hills, Ca Feb 20, 200737 y0
Douglas Frank Van DerenPasadena, Ca Mar 2, 200734 y1
Pamela Jane SowersNewport Beach, Ca Mar 7, 200726 y2
James Patrick HennessyPasadena, Ca Mar 7, 200736 y1
Michael John PentonDenver, CoMay 3, 200738 y0
Stephen PitchkolanSan Diego, CaJun 25, 200746 y0
Todd Andrew BrooksPasadena, Ca Jul 6, 200721 y1
Albert G FongPasadena, Ca Jul 6, 200740 y2
Michael Al BattOrangevale, Ca Aug 10, 200735 y2
Sheryl Rose PattersonCertified Financial PlannerPasadena, Ca Oct 22, 200732 y1
Meaghan MckenziePasadena, Ca Oct 22, 200733 y1
Eleanor PascalidePasadena, CaNov 15, 200729 y0
Raymond Wyman ChowPasadena, Ca Mar 20, 200828 y1
Dru Edward GilbertVancouver, Wa Mar 20, 200841 y1
Christopher Allen MyersDenver, Co Apr 14, 200830 y0
Franklin Roosevelt FarrAnchorage, Ak Aug 20, 200854 y0
Thomas A PackerAnchorage, Ak Aug 21, 200838 y0
Joseph Frank RubinsteinPasadena, Ca Sep 22, 200834 y1
John Scott AllingSan Diego, Ca Jan 2, 200942 y1
James Patrick StephanLa Jolla, Ca Jan 2, 200936 y1
Arthur Jon KnoriPasadena, Ca Jan 2, 200936 y1
Thomas Cushing BuckinghamCamano Island, Wa Jan 2, 200938 y1
Katrina Lin DudleyLa Jolla, Ca Jan 2, 200928 y1
John Robert McparlaneLa Jolla, Ca Jan 6, 200941 y1
Robert Emerson FriedmanLaguna Woods, Ca Jan 6, 200932 y2
Charles Paul LazzaroPasadena, Ca Feb 4, 200946 y1
Bradley Scott TitusCarlsbad, Ca Apr 14, 200943 y0
Christopher Paul BoeschePasadena, Ca Apr 22, 200928 y2
All 218 advisors at Wedbush Securities Inc.
Advisor movement
10 left, 18 joined in 12 months
net +8 in 12 months1 left in 90 days7 joined in 90 daysdeparture rate 4.5% of current headcount48 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Daniel Eric Billings · Executive Vice President, Chief Financial Officer, Directorcontrol
    since 12/2019 · owns less than 5%
  • Geoffrey Conor Bland · Directorcontrol
    since 01/2022 · owns less than 5%
  • Francis Burke Dempsey · Executive Vice Presidentcontrol
    since 09/2019 · owns less than 5%
  • Andrew Walter Druch · Executive Vice President, General Counsel, Chief Administrative Officer, Directorcontrol
    since 12/2019 · owns less than 5%
  • Robert Gerard Fitzsimmons · Executive Vice Presidentcontrol
    since 08/2018 · owns less than 5%
  • Kirsten Campbell Fraunces · Executive Vice Presidentcontrol
    since 09/2019 · owns less than 5%
  • Donald Wayne Hultgren · Executive Chair, Directorcontrol
    since 01/2022 · owns less than 5%
  • Christopher Michael Mone · Executive Vice Presidentcontrol
    since 03/2019 · owns less than 5%
  • Rodrigo Nmn Parrode · Evp, Chief Operating Officercontrol
    since 10/2021 · owns less than 5%
  • Robert Edward Paset · Executive Vice Presidentcontrol
    since 09/2019 · owns less than 5%
  • Erin Kathleen Preston · Chief Compliance Officercontrol
    since 02/2021 · owns less than 5%
  • Gary Lance Wedbush · President, Directorcontrol
    since 10/2020 · owns less than 5%
Entity owners
  • Wedbush Financial Services, · Owner
    direct · owns 75% or more
  • Wedbush Financial Services, LLC · Owner
    direct · owns 75% or more
  • Edward And Jean Wedbush Family Trust · Sole Member
    indirect · owns 75% or more of Wedbush Family Partners, LLC
  • The Bryn Mawr Trust Company Of Delaware · Trustee
    indirect · owns F of Edward And Jean Wedbush Family Trust
  • Wedbush Capital · Sole Member
    indirect · owns 75% or more of Wedbush Financial Services, LLC
  • Wedbush Family Partners, LLC · Shareholder
    indirect · owns 50% to 75% of Wedbush Capital
Related persons
Schedule D 7.A
Advisers that list Wedbush Securities Inc. as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Pasadena, Ca · principal1461421
Newport Beach, Ca2781
Denver, Co24231
New York, Ny1831
Radnor, Pa1510
Seattle, Wa1320
San Diego, Ca1240
La Jolla, Ca810
Jupiter, Fl700
Lake Oswego, Or710
Anchorage, Ak700
Scottsdale, Az600
Greensboro, Nc540
Santa Rosa, Ca510
Cleveland, Oh510
Dallas, Tx410
Jersey City, Nj400
Sacramento, Ca310
Carlsbad, Ca300
Roseville, Ca300
Offices
Schedule D 1.F, the 25 largest
  • Los Angeles, CA48 employees
  • Los Angeles, CA11 employees
  • Lake Oswego, OR11 employees
  • New York, NY10 employees
  • Seattle, WA10 employees
  • Pasadena, CA10 employees
  • Denver, CO9 employees
  • La Jolla, CA9 employees
  • Anchorage, AK8 employees
  • Newport Beach, CA8 employees
  • San Diego, CA7 employees
  • Dallas, TX6 employees
  • Houston, TX5 employees
  • Traverse City, MI5 employees
  • Sacramento, CA5 employees
  • Santa Rosa, CA5 employees
  • Woodland Hills, CA4 employees
  • Scottsdale, AZ4 employees
  • Radnor, PA4 employees
  • Scottsdale, AZ3 employees
  • Roseville, CA3 employees
  • Beverly Hills, CA3 employees
  • San Francisco, CA2 employees
  • Honolulu, HI2 employees
  • Armonk, NY2 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • advisors up RAUM flatCombination · filing Apr 16, 2026
    the advisor count grew 25 percent or more while RAUM stayed within 5 percent: hiring or an acquisition ahead of assets, or assets that did not follow. RAUM $5,740,403,431 to $5,684,848,455, advisors 214 to 315, private clients 9952 to 9927, offices 58 to 58 (2025-03-27 to 2026-04-16)
    peers: affiliated wealth managers, $5B to $20B (53)
  • new owner headcount expandsCombination · filing Apr 16, 2026
    WEDBUSH FINANCIAL SERVICES, joined Schedule A on the filing of 2026-04-16; advisors 214.0 to 315.0 between the annual amendments of 2025-03-27 and 2026-04-16
    peers: affiliated wealth managers, $5B to $20B (53)
What changed
consecutive filings, newest first
  • Accounts · 10,099 to 10,048
    Aug 20, 2025 to Oct 13, 2025
  • Advisory employees · 214 to 202
    Aug 20, 2025 to Oct 13, 2025
  • BD registered reps · 504 to 482
    Aug 20, 2025 to Oct 13, 2025
  • Charity clients · 23 to 13
    Aug 20, 2025 to Oct 13, 2025
  • Corporate clients · 71 to 66
    Aug 20, 2025 to Oct 13, 2025
  • HNW clients · 2,262 to 2,636
    Aug 20, 2025 to Oct 13, 2025
  • Individual clients · 7,690 to 7,291
    Aug 20, 2025 to Oct 13, 2025
  • Pooled vehicle clients · 15 to 4
    Aug 20, 2025 to Oct 13, 2025
  • Assets in custody · $5.7B to $5.7B
    Aug 20, 2025 to Oct 13, 2025
  • Employees · 950 to 897
    Aug 20, 2025 to Oct 13, 2025
  • Insurance-licensed employees · 6 to 7
    Aug 20, 2025 to Oct 13, 2025
  • HQ city · LOS ANGELES to PASADENA
    Aug 20, 2025 to Oct 13, 2025
  • State-registered IARs · 214 to 315
    Aug 20, 2025 to Oct 13, 2025
  • Discretionary RAUM · $3.9B to $3.9B
    Aug 20, 2025 to Oct 13, 2025
  • HNW RAUM · $2.5B to $2.8B
    Aug 20, 2025 to Oct 13, 2025
  • Individual RAUM · $2.7B to $2.6B
    Aug 20, 2025 to Oct 13, 2025
  • Non-discretionary RAUM · $1.9B to $1.7B
    Aug 20, 2025 to Oct 13, 2025
  • Pooled vehicle RAUM · $15.6M to $4.3M
    Aug 20, 2025 to Oct 13, 2025
  • RAUM · $5.7B to $5.7B
    Aug 20, 2025 to Oct 13, 2025
  • Wrap assets (sponsor) · $1.9B to $1.7B
    Aug 20, 2025 to Oct 13, 2025
  • Financial planning clients · 251-500 to 251-500
    May 28, 2025 to Jun 3, 2025
  • Accounts · 9,055 to 10,099
    Jun 4, 2024 to Sep 30, 2024
  • Advisory employees · 227 to 214
    Jun 4, 2024 to Sep 30, 2024
  • Charity clients · 19 to 23
    Jun 4, 2024 to Sep 30, 2024
  • Corporate clients · 59 to 71
    Jun 4, 2024 to Sep 30, 2024
  • HNW clients · 1,717 to 2,262
    Jun 4, 2024 to Sep 30, 2024
  • Individual clients · 7,223 to 7,690
    Jun 4, 2024 to Sep 30, 2024
  • Pooled vehicle clients · 11 to 15
    Jun 4, 2024 to Sep 30, 2024
  • Assets in custody · $4.5B to $5.7B
    Jun 4, 2024 to Sep 30, 2024
  • Employees · 953 to 950
    Jun 4, 2024 to Sep 30, 2024
  • Insurance-licensed employees · 2 to 6
    Jun 4, 2024 to Sep 30, 2024
  • State-registered IARs · 227 to 214
    Jun 4, 2024 to Sep 30, 2024
  • Discretionary RAUM · $3.2B to $3.9B
    Jun 4, 2024 to Sep 30, 2024
  • HNW RAUM · $1.9B to $2.5B
    Jun 4, 2024 to Sep 30, 2024
  • Individual RAUM · $2.4B to $2.7B
    Jun 4, 2024 to Sep 30, 2024
  • Non-discretionary RAUM · $1.3B to $1.9B
    Jun 4, 2024 to Sep 30, 2024
  • Pooled vehicle RAUM · $12.2M to $15.6M
    Jun 4, 2024 to Sep 30, 2024
  • RAUM · $4.5B to $5.7B
    Jun 4, 2024 to Sep 30, 2024
  • Wrap assets (sponsor) · $1.3B to $1.9B
    Jun 4, 2024 to Sep 30, 2024
  • Accounts · 8,553 to 9,055
    Aug 18, 2023 to Sep 29, 2023
Signals
60 dated events
  • Zeke Lefton registered as an investment adviser representative at Wedbush Securities Inc.
    Sep 15, 2026 · Advisor registered · fact
  • 4 advisors left UBS Financial Services Inc. (Greensboro, NC) for Wedbush Securities Inc. on the same day
    Sep 15, 2026 · Team lift-out · derived
  • James Daniel Mcdermott registered as an investment adviser representative at Wedbush Securities Inc.
    Sep 14, 2026 · Advisor registered · fact
  • John Andrew Swanson left Wedbush Securities Inc. for Lpl Financial Llc (registered 2026-07-15)
    Jul 15, 2026 · Advisor changed firm · fact
  • Doug John Ireland left Wedbush Securities Inc. for Ep Wealth Advisors (registered 2026-06-04)
    May 22, 2026 · Advisor changed firm · fact
  • William Harrison Floyd left Wedbush Securities Inc. for Lpl Financial Llc (registered 2026-05-21)
    May 21, 2026 · Advisor changed firm · fact
  • Rebecca Mayer Hern left Wedbush Securities Inc. for Lpl Financial Llc (registered 2026-05-21)
    May 21, 2026 · Advisor changed firm · fact
  • 2 advisors left Wedbush Securities Inc. (Denver, CO) for LPL Financial LLC on the same day
    May 21, 2026 · Team lift-out · derived
  • William Cullen Rogers no longer registered at Wedbush Securities Inc.; no later IA registration on IAPD
    May 11, 2026 · Advisor departure · fact
  • Edward Parks left Wedbush Securities Inc. for J.P. Morgan Securities Llc (registered 2026-06-05)
    May 7, 2026 · Advisor changed firm · fact
  • Hayden Loboy left Wedbush Securities Inc. for J.P. Morgan Securities Llc (registered 2026-05-11)
    Apr 22, 2026 · Advisor changed firm · fact
  • Jessica Anne Quinn left Wedbush Securities Inc. for Raymond James & Associates, Inc. (registered 2026-04-16)
    Apr 16, 2026 · Advisor changed firm · fact
  • Jazmin Gabriela Carpenter left Wedbush Securities Inc. for Raymond James & Associates, Inc. (registered 2026-04-16)
    Apr 16, 2026 · Advisor changed firm · fact
  • 2 advisors left Wedbush Securities Inc. (Pasadena, CA) for Raymond James & Associates, Inc. on the same day
    Apr 16, 2026 · Team lift-out · derived
  • Paul George Dietrich no longer registered at Wedbush Securities Inc.; no later IA registration on IAPD
    Feb 25, 2026 · Advisor departure · fact
  • Paul Mark Bonaccini left Wedbush Securities Inc. for Ameriprise Financial Services, Llc (registered 2025-11-03)
    Oct 31, 2025 · Advisor changed firm · fact
  • Wedbush Securities Inc. reported 315 state-registered advisory representatives, up from 214 (2025-08-20 to 2025-10-13)
    Oct 13, 2025 · Advisor headcount change · derived
  • Antoni Enrique Lucas left Wedbush Securities Inc. for Lpl Financial Llc (registered 2025-10-07)
    Oct 7, 2025 · Advisor changed firm · fact
  • 4 advisors left Mcdonald Partners LLC (Cleveland, OH) for Wedbush Securities Inc. on the same day
    Sep 4, 2025 · Team lift-out · derived
  • Anthony Dupre left Wedbush Securities Inc. for Northwestern Mutual Investment Services,Llc (registered 2026-06-10)
    Aug 26, 2025 · Advisor changed firm · fact
  • Daniel Chareles Bertolet left Wedbush Securities Inc. for Ameriprise Financial Services, Llc (registered 2025-08-19)
    Aug 19, 2025 · Advisor changed firm · fact
  • Thomas Ross Stripling left Wedbush Securities Inc. for Lpl Financial Llc (registered 2025-08-13)
    Aug 13, 2025 · Advisor changed firm · fact
  • Valencia Joyce Linton left Wedbush Securities Inc. for Lpl Financial Llc (registered 2025-08-13)
    Aug 13, 2025 · Advisor changed firm · fact
  • Michael Hayes Hamilton left Wedbush Securities Inc. for Lpl Financial Llc (registered 2025-08-13)
    Aug 13, 2025 · Advisor changed firm · fact
  • Lisa Gaye Marcelli left Wedbush Securities Inc. for Lpl Financial Llc (registered 2025-08-13)
    Aug 13, 2025 · Advisor changed firm · fact
  • Matthew Salvador Houston left Wedbush Securities Inc. for Lpl Financial Llc (registered 2025-08-13)
    Aug 13, 2025 · Advisor changed firm · fact
  • 4 advisors left Wedbush Securities Inc. (Pasadena, CA) for LPL Financial LLC on the same day
    Aug 13, 2025 · Team lift-out · derived
  • 3 advisors left Wedbush Securities Inc. (Houston, TX) for LPL Financial LLC on the same day
    Aug 13, 2025 · Team lift-out · derived
  • Kelly Lynn Chidester left Wedbush Securities Inc. for Lpl Financial Llc (registered 2025-06-05)
    Jun 5, 2025 · Advisor changed firm · fact
  • Daniel Gerard Sullivan left Wedbush Securities Inc. for Lpl Financial Llc (registered 2025-06-04)
    Jun 5, 2025 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Firm profile
linkedin.com/company/wedbushreportedpublic record, Form ADV, Sep 17, 2026
Website
WEDBUSH.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
213-688-8000reportedpublic record, Form ADV, Apr 16, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Broker-dealer affiliated wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$25.8Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026