Wedbush Morgan Securities Inc. · Los Angeles, CA United States
Company Description
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This link will open in a new window Operating from the famed Wilshire Boulevard in L.A., Wedbush Morgan Securities offers investment banking and a range of financial services, including financial planning, sales and trading, and research. The firm targets mid-market growth companies and entrepreneurs primarily in California and the western US. Wedbush offers research in sectors including consumer products and retail, financial services, life sciences, and technology. Its ClientLink service provides access to account information and reports via the Internet. The company also provides clearing services. Wedbush Morgan Securities is affiliated with investment firm Wedbush Capital Partners ; both entities are controlled by Wedbush, Inc. To read the full description, subscribe now.
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Key Wedbush Morgan Securities Inc. Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | June |
| Employees | 600 |
Wedbush Morgan Securities Inc. Executives
31 executives listed for Wedbush Morgan Securities Inc.'s Los Angeles, CA location.
| Title | Name & Bio | Contact |
| President and CEO | Edward Wedbush | Network |
| EVP and CFO | A. Peter Allman-Ward | Network |
| EVP Private Client Services Division | Michael Gardner | Network |
Competition
Competitive Landscape for Wedbush Morgan Securities Inc.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Wedbush Morgan Securities Inc. Competitors
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