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Wedbush Securities

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Company in Transition - Securities Processing Wedbush Securities Employee Review

2.0
5 Mar 2017
Recommend
CEO approval
Business outlook

Pros

- Coworkers are generally nice and friendly - It's close to a lot of restaurants, and it is a block away from the metro station.

Cons

- Pay is on the industry low-end. Benefits such as health insurance and especially retirement benefits are uncompetitive. There is no matching 401K for non-exempt employees and no employee parking discount. - Employees must transfer their brokerage accounts to Wedbush... $5k trades cost $50 commissions round-trip and $10k+ trades cost $100+. (What a joke! While other online brokerage recently lowered theirs to $5, Wedbush is still charging these commission prices against their OWN employees. It wouldn't be so unbelievably bad if their trading platform, ClientLink wasn't such a POS.) - Company is slowly transitioning from being led by the CEO/founder to his two sons.The company is also going through reorganizations and is downsizing some of its' departments. Some departments were already stretched thin, so the reorg creates a lot of additional stress for remaining employees. Wouldn't surprise me to see turnover spike. - The CEO/founder personally reviews and approves invoices. For a man who has a reputation for his frugality, that means invoices can sometimes be in arrears for MONTHS. (Have fun dealing with the vendors!) - Some people, especially people that have been with the company for the long time, are complacent. Either they don't care or stopped caring. At times, the feelings of urgency to get things done and produce good quality of work just aren't there. - If annual performance review is mandated by the company, it isn't being followed. Please note that some other companies have QUARTERLY reviews. That means you don't get formal feedbacks from your manager, and it also means you have to approach your manager directly to ask for salary raises.

Explore other reviews about Wedbush Securities

5.0
11 Feb 2026
Recommend
CEO approval
Business outlook

Pros

Bright and motivated colleagues Generous 401k match (40-45%) Reward longevity with good PTO/sick time Competitive wages

Cons

Outdated technology (slowly getting better) A lot of manual processes

1.0
29 May 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Employed for now & flexible work arrangement

Cons

Meritocracy doesn’t exist; promotions are nepotism based I’ve experienced snippy behavior from certain individuals located in the West Coast back office (not all), however, due to their title, it’s accepted. Yet, the moment you return the very same energy, you’re perceived as “aggressive”. These people will throw you under the bus just to save their own hide when in fact, they’re the ones whom created the issue, however will pass blame onto you due to you are the easier target (child-like behavior) Working with other internal departments is a task as I’ve found a department in particular, if you pose a question, their response is cryptic leading you to ask them to expand/explain their vague responses.. it’s wild Be careful what you say in those ping messages, as your statements will be used against you

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