Pros
A job at Wedbush is really only a place holder on your resume until you find something better. You receive a miniscule paycheck, and given the cheap nature of the firm, you don't have to worry about the check bouncing.
Cons
Managers at Wedbush utilize fear tactics, threats, emotional harassment, and intimidation to manage employees. Managers seem to relish their power, creating illogical rules and procedures as a way to control employees, and then enforcing those rules in a haphazard fashion depending on whether you suck up enough to them. The corporate culture is extremely negative and demoralizing, and employees are treated as expendable at any moment. The firm is beyond cheap, to the point that it consistently nickels and dimes its own employees. Managers come up with a multitude of different, arbitrary reasons to lower any payout to you, and you won’t know you’ve been docked unless you pay careful attention to your paystub. What are considered standard costs of doing business at most investment banks are actually deducted from employees pay at Wedbush, and that is on top of the lower than industry average percent payout that Wedbush pays its employees and brokers. Employees are treated as another profit center to the firm and are required to only have brokerage accounts at Wedbush. Once you’ve moved any account over to Wedbush, the exorbitant fees begin to accumulate from trading fees at least 10 times the standard amount, activity fees on top of trading fees (I still haven’t received a good explanation of how an activity fee is different than a transaction fee), and annual fees to custody any tax-deferred account (and that’s only a few of the many random fees employees are charged). On top of all those fees, once you leave Wedbush and are able to transfer your account to another brokerage firm, Wedbush charges you an astronomically high fee to actually transfer your funds out (never mind that the only reason you had transferred money to a Wedbush brokerage account was because you were required to as part of your employment). Given the cheap nature of management, benefits are terrible, with very expensive health care options, limited time off (actually none for the first year of employment, though they don’t tell you that upfront), and unclear sick leave policies.