Wedbush Securities Reviews

Updated April 17, 2015
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3.1
57 Reviews
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Wedbush Securities President and CEO Edward Wedbush
Edward Wedbush
36 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

Employee Reviews

Sort: Popular Rating Date
  1. Great Opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Entrepreneurial Spirit, opportunity to grow, great employees and locations. For smart, hardworking and entrepreneurial minded employees, the opportunities are abundant

    Cons

    Excellent medical benefits - but expensive

    Advice to Management

    Better communication of strategic plan to all employees would improve efficiencies and ensure that everyone is moving in the same direction.

  2. Great place to work for! CEO is awesome and acts as a wonderful role model for his colleagues.

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The company provides growth opportunities and creates employee loyalty. A lot of employees have been with the firm for more than 30 plus years. Friendly environment.

    Cons

    Sometimes the work process is not too efficient in some departments.

  3. Good place to work

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

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

    Pros

    -Good place to gain experience in the investment/securities industry.
    -I enjoy the variety of people, work environment, and downtown location.
    -A lot of employees have been with the company 15+ years, there is opportunity for growth.
    -Company pays for you to get licensed.

    Cons

    -Could use more training processes but maybe that varies with different departments.

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (2)

    Lacks Leadership, Culture, and Ethics

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

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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Good place if you're just getting your feet wet. They pay for licenses and good news is you can put something on your resume.

    Cons

    Lacks leadership, culture and direction. No team feeling or push toward common goal. Management bickers between themselves. No training programs whatsoever. High employee turnover rate, worst expense department I've ever dealt with. Outdated equipment and software systems. Lack of oversight of managers- have been told so many inappropriate and unethical things that would make the legal team have a heart attack. Working East Coast hours destroys any chance of work/life balance and the 10 pathetic vacation days don't help much either. Oh and I liked the clause that said you can't get pregnant in the first year...

    Advice to Management

    It's time to bring this company into the 21st century! You have a wealth of talented people working here but without training and leadership it's like all that talent gets sucked into a black hole and everyone is out for themselves. Time to invest in human capital- it will pay off in the long run!

  6. Excellent Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    I have been with the Company for almost two years. By far, very impressed by the smart and creative people, and the collaborative culture. Very dynamic and fast paced, and they made me feel a valued part of the company and the department. You get the support of a large company with the feel of a small company. Benefits are expensive but you do get qualify coverage and service.

    Cons

    Benefits cost for employee are good but once you add your family then the cost gets high.

    Advice to Management

    This is a great company. I would suggest that you lower the employee cost for their benefits.

  7. Helpful (1)

    Equity Research / Investment Banking

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous in San Francisco, CA
    Former Employee - Anonymous in San Francisco, CA

    I worked at Wedbush Securities full-time

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    The office has a clean and friendly environment.

    Cons

    There is no social or work life culture at Wedbush. You do your work and go home. Analysts and associates keep to themselves. The work people do is good, but there is no reinforcement or recognition for those who do well. Instead there's constant reminders to perform better and get more work done. It is a silent stress that just accumulates.
    HR is terrible. Not everyone is trained equally and travel/transportation reimbursements are not handled well. People leave because it takes several fiscal quarters before they get their travel expenses approved. Turnover is also very high. There is no time to make any valuable connections, and retention is below par. Management should invest in employee welfare instead of hoarding $.

    Advice to Management

    Treat your employees this bad and it won't matter how much money you make. You're eventually left with nothing.

  8. Helpful (4)

    Impossible work environment

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

    I worked at Wedbush Securities

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The only pro is the facade: it is a downtown LA-based firm with a name on the building.

    Cons

    The work culture is extremely dysfunctional. Favorites are rewarded for failing on the job, while good, hard-working, well-intentioned employees are ignored and even mistreated. For these and other reasons, turnover is high, projects don't get done and the whole thing limps along like a sick animal. PS: don't use the "benefits" - they end up costing you much more than they are worth.

    Advice to Management

    Time to sell before regulators force the issue.

  9. It was awesome.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Wedbush Securities

    Pros

    You get to work on all parts of the application.

    Cons

    Old technologies are used.Work life balance is good.

  10. Helpful (1)

    Okay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Developer
    Current Employee - Software Developer

    I have been working at Wedbush Securities

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good location. Lots of opportunity to take lead role on projects.

    Cons

    Lack of direction. Limited growth.

    Advice to Management

    Evaluate better resource management.

  11. Helpful (5)

    could be great company - division leadership running into ground

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Equity Sales in Los Angeles, CA
    Current Employee - Equity Sales in Los Angeles, CA

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    None to speak of in terms of the company itself. Only pros are other employees commiserating with you are decent people and everyone is stuck in the same boat.

    Cons

    Passive aggressive, fear mongering attitude displayed by head of division towards all employees; behavior is purposeful and used to make employees feel worthless and expendable so they won't have to $$ pay them. Money goes directly into managements pocket. No real room for growth given management is only looking out for number 1; department management micromanaged and devalued by CEO, trickle down effect on all employees is apparent. Turnover rate in sales, research and trading is unbelievably high and management doesn't bat an eyelash; speaks volumes about company culture as a whole. No concern with creating tolerable work environment for employees. Self seeking behavior is only guiding force when it comes to planning. Take everything they can out of our paychecks - employees get docket for any resource that is of value despite the fact we are supposed to be making money for ourselves and the firm.

    Advice to Management

    Look at turnover rate and reevaluate how your actions have contributed.

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Wedbush Building - DTLA
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