Wedbush Securities Inc.

Wedbush Securities serves a broad client mix including individual and high‑net‑worth investors, foundations and institutional clients, and offers both brokerage and SEC‑registered investment advisory services across wealth management, fixed income, commodities, securities lending, capital markets, advanced clearing and prime services. The firm reports approximately $5.68 billion in regulatory assets under management and operates multiple managed account and wrap fee programs alongside commission‑based brokerage arrangements.

The firm provides discretionary and non‑discretionary managed accounts, separately managed and unified managed account solutions, and impersonal paid Research Services offered to institutional clients; Financial Consultants manage accounts in accordance with client objectives while Research Services are delivered as general, non‑personalized reports and may be funded by cash payments or commissions under Section 28(e). Wedbush also performs clearing, custodial and execution functions for client accounts and describes account structures that include transaction‑based fee arrangements and Independent Contractor platforms that may assess per‑trade charges.

What is distinctive in this brochure compared with many enterprise advisers is the firm's mix of broker‑dealer and capital markets functions with custody/clearing and prime services tied to commodities and derivatives activity — the document describes the firm clearing and settling transactions, providing custodial services and operating commodities and prime services businesses, and notes affiliated futures and swap‑related activities and continued use of commission‑based execution and payment‑for‑order‑flow arrangements. The brochure also discloses a history of regulatory enforcement matters and settlements addressing recordkeeping, customer protection and supervisory deficiencies, which it describes alongside its policies for research conflicts, personal trading controls and compliance oversight.