Wedbush Securities Reviews

Updated August 22, 2015
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Wedbush Securities President and CEO Edward Wedbush
Edward Wedbush
37 Ratings

Pros
  • This can lead to a healthy work/life balance without the most demanding schedule (in 6 reviews)

  • Opportunity to get into/stay in equity research (in 5 reviews)

Cons
  • High turnover since people are constantly seeking better opportunities elsewhere (in 4 reviews)

  • In Downtown LA - which brings expensive parking and traffic, traffic, traffic (in 3 reviews)

More Pros and Cons

63 Employee Reviews

Sort: Popular Rating Date
  1. Wealth Management Associate

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends

    I have been working at Wedbush Securities full-time

    Pros

    Team oriented and goal driven. Great environment to work in and able to maintain a balanced lifestyle

    Cons

    Pay is low compared to competitors


  2. Helpful (2)

    Do not work here

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    Big firm. Get to work in DTLA. Great restaurants near by.

    Cons

    Poor management. Poor morale. You have to pay for parking and walk far. So much turnover. You wonder why..... Everyone hates working there. No perks for employees. Must bring your own items like cups, plates and forks because they do not offer them.


  3. Helpful (2)

    Accounts Payable

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Wedbush Securities full-time

    Pros

    Some good people still remain in spite of all the problems.

    Cons

    They don't reward hard work, they reward their favorites. They are understaffed. Very high turnover! stressful environment. No concept of being organized and doing things in a timely fashion. Always fire fighting! They never have budget to do anything and the management doesnt care at all about its employees...they just want to focus on cost control!


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  5. Helpful (3)

    Lack of Vision

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Wedbush Securities full-time (More than a year)

    Pros

    The company has been around since 1955. It has a good 401k plan. Benefits are about average. Have good people who cares about the company.

    Cons

    The CEO is a micromanager at all levels of operations. Because he involves himself in the day to day, processes come to a screeching halt when he is not available. He spreads himself to thin. The systems are antiquated. Instead of spending a little extra to implement systems properly, they take the cheap way out and end up making things worse. They run on a lean staff and over work and under pay them.

    Advice to Management

    I have three suggestions. 1. The 85 year old CEO needs to have a succession plan to groom a visionary to take over the business. 2. Hire competent managers and trust them to handle operations and follow the company vision. 3. Automate and streamline antiquated processes.


  6. Helpful (3)

    Sinking Ship

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Wedbush Securities full-time (More than 5 years)

    Pros

    With it's own building in Downtown Los Angeles and dull branding efforts, Wedbush appears as if at one point in it's prehistoric life it had some clout. The company serves as a decent stepping stone from one job to the next. The WAM division of the company is worth working for, they have great management. Steer clear of others; Clearing and Marketing teams have alarming internal reputations.

    Cons

    This company has terrible benefits, sits at the lowest end of the industry's pay scale, and still operates in a 1950's work environment. It's no mystery that the firm is a laughing stock on the street. Can't help but note the overcompensating positive reviews - nice try human resources.

    Advice to Management

    It's ironic that an investment firm seems unfamiliar with inflation. You can't expect to compensate employees the same amount that you did when the firm opened in 1955.


  7. Helpful (7)

    Lack of good Management, No Formal Training, Improper Expectations

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Wedbush Securities full-time (More than a year)

    Pros

    You meet some good people, flexible with taking time off, they pay for your licenses, mobility to work in other departments is okay, in downtown LA, office culture can be fun at times. You can be there forever if you want because no one gets in trouble for anything.

    Cons

    It is with great displeasure to have to write this review, but many people need to know before coming to this company how working for Wedbush Securities is. The company does not pay for your parking. You can pay to park in the building if you wish with a monthly rate over $300. If you want cheaper parking you can find it blocks away. There is no professional/ formal training for how to do the job you are hired for. There is a lot of times where they will say "you should've done this" or "you should be doing that" or "someone should of told you to do it this way". You will be thrown in and expected just to ask questions and make mistakes. They set you up to fail. With poor management and supervisors, you are left trying to keep your head above water with the frustration of doing a job that you do not understand. This is the perfect example of improper expectations to have on your employees. Where is HR in this process or anything of this matter? They have so many people leaving they will hire anyone willing to take the jobs. Since I have been in my department, More than half of the employees quite in just a year. Lunch breaks are not honored the way they should be legally if it is busy. And your supervisor will tell you if they disapprove of you taking a lunch or break because no one else got the opportunity to take a break due to the work load that particular day. The 5th hour rule is not being recognized. The office has not been updated since they probably opened. Office furniture is falling apart or extremely dirty! Everyone seems on edge or ready to get out of there as soon as possible. The leadership has a lack of understanding how to make work flow more streamlined. The computer programs that you work on are outdated. There is no proper handbook or training on how to use these programs. Managers sit back and allow escalated situations to be handled by the department without jumping in to assist. Which is what they are paid to handle! The benefits are so expensive. No bonus.

    Advice to Management

    Take a look at what is happening to your employees. Ask them how they are feeling. Listen to them. Hire someone to put together trainings for the departments so detailed insights are not overlooked. Pay for our parking. It is ridiculous that we have to pay to come to work and park our cars. Take care of better benefits. HR look at the departments loosing people left and right. The reason is the way the department is handled by the managers and supervisors. Update the software. Ofter an environment to employees in which they are happy to be in every day. Bring up the moral in the office.


  8. Helpful (4)

    Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Wedbush Securities full-time

    Pros

    $80 per month parking a few blocks away. Good exercise.

    Cons

    You are sucked dry until you have nothing of yourself left. They take the best years of a person and then throw them away for someone who is younger and fresh. It is not what you know, it is how well you kiss up. It is a peyton place, a company that has no soul. They expect you to be married to the company. Management will promise something and not…

    Advice to Management

    Give your emplyoees the tools necessary to do the job. Improve your long and mid term planning. Be upfront and forthright with employees.


  9. Helpful (5)

    Admin Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wedbush Securities full-time

    Pros

    -more easy-going than big firms -ability to move around divisions - will sponsor people for FINRA exams - no bonuses

    Cons

    - no match plan - benefits are not good - place is cheap - senior staff have been there way to long and no room for new persons to move up - people just go to do their jobs and leave and that is it - no motivation - management very poor

    Advice to Management

    - spend money, grow the business, encourage staff, seek innovation


  10. Helpful (7)

    Horrible

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I have been working at Wedbush Securities full-time

    Pros

    Easy to Get Jobs Here Since Everyone is Constantly Leaving

    Cons

    Bad Pay, Bad People, Bad Management, No Sense of How to Run a Business


  11. Helpful (4)

    Work Environment Where Positive Efforts Net Tangible Results

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    - Ability to make change through empowerment by senior management. - A good environment for tackling career growing challenges - Access to senior management with the capability of being heard - Company is on the verge of reaching new heights in growth and business focus

    Cons

    - Early hours - Parking is expensive - Benefits are expensive

    Advice to Management

    Continue to focus on innovation and bringing in efficient practices into daily business activities.



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