Wedbush Securities Reviews | Glassdoor

Wedbush Securities Reviews

Updated March 5, 2017
97 reviews

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Full-time Part-time

3.1
Star Star Star Star Star
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Approve of CEO
Wedbush Securities President and CEO Edward Wedbush
Edward Wedbush
52 Ratings

97 Employee Reviews

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Pros
  • Good people, long term employees, this is the least stressful job I've worked (in 6 reviews)

  • Great people to work with, very accessible (in 6 reviews)

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 (in 6 reviews)

  • bad compensation bad management bad ideas (in 3 reviews)

More Pros and Cons

  1. "Intern"

    Star Star Star Star Star
    • 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

    I have been working at Wedbush Securities part-time (Less than a year)

    Pros

    Great people to work with, all the analysts are very sociable and caring. You learn a lot as an intern.

    Cons

    You can tell there are some frustration towards management, but it shouldn't affect work experience as an intern

    Advice to Management

    More support for the employees.


  2. Helpful (3)

    "Company in Transition"

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

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

    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.

    Advice to Management

    - Change the corporate culture, push for innovation and better technology. Hire people that take pride in their work. Stop going with the status-quo.
    - After the reorganizations are done, fund the departments that actually need help. Give them to the resources they need to succeed.
    - The 80's called, they want their furnitures and carpet back.


  3. "Security Processing"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Security Processing Specialist in Los Angeles, CA
    Former Employee - Security Processing Specialist in Los Angeles, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Wedbush Securities (More than a year)

    Pros

    Great people working in the department, and the environment is fairly relaxed for the most part.

    Cons

    Repetitive work makes the day drag on. Pay on the lower end of the industry average.


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  5. "new accts"

    Star Star Star Star Star
    • 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
    Neutral Outlook
    Approves of CEO

    I have been working at Wedbush Securities full-time (More than 8 years)

    Pros

    co-workers are usually cool to work with, flexible hours

    Cons

    management is not very helpful, they don't do reviews in a timely manner, they don't delegate

    Advice to Management

    be a leader, help subordinates move up the latter.


  6. "Marketing Assistant"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wedbush Securities full-time

    Pros

    Marketing Team was fun to be around.

    Cons

    Role was not very established and duties/responsibilities were unclear.


  7. Helpful (1)

    "Securities"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Wedbush Securities part-time

    Pros

    Managers were friendly and took the time to teach and review. Every friday during the summer was a company wide casual day.

    Cons

    Did not learn a lot. Employees in the back office seemed disgruntled with executive practices and overall company culture.

    Advice to Management

    Treat employees better- reinstate bonuses where they are deserved and fund company parties, do not make hard working people pitch in for company events.


  8. Helpful (4)

    "Worst place to work!"

    Star Star Star Star Star
    • 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
    Disapproves of CEO

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

    Pros

    If you like the location maybe? Otherwise no pros. Lots of locations to transfer to if you move, but don't see why you'd want to stay with Wedbush.

    Cons

    Horrible work environment. Everyone walks around complaining about how they hate the company and their job. The company doesn't care about their employees. They only care about their own pockets aT ANY cost. Unethical. Unfair. Cheap from the CEO down. You're always cleaning up somebody else's mess... work wise. No one does anything right. They take advantage of you. HR doesn't even do anything if you go to them with an issue. Executives watch harassment and turn the other way.


  9. Helpful (2)

    "wedbush, i would not recommend"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    the employees are great to work with

    Cons

    management does not care for the employees

    Advice to Management

    replace current management


  10. "Great Internship Experience"

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

    I have been working at Wedbush Securities part-time

    Pros

    Lots of access to different branches of the company.
    Senior Management is available and was very helpful.
    Always given different and engaging projects for me to do to keep me busy while learning lots.
    Staff is extremely friendly and helpful. Great company culture.

    Cons

    Parking not included in Internship.
    Compensation could be a little better.

    Advice to Management

    The computers could use some slight upgrading as many of them are rather slow.


  11. Helpful (3)

    "not recommended"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Capital Market
    Former Employee - Capital Market
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    co workers are very nice

    Cons

    pay, upper management, training, progression, hours



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