Articles from Wedbush Securities

Wedbush Securities, a global independent financial services firm, is pleased to announce the addition of Michael Murrer as Managing Director in the Financial Institutions & Real Estate Investment Banking group. Murrer brings nearly two decades of investment banking experience, including 14 years at Jefferies, where he specialized in real estate, gaming, lodging, leisure, and entertainment sectors. He will be based in New York City and report to Burke Dempsey, Executive Vice President, Head of Investment Banking & Capital Markets.

Wedbush Securities, a prominent diversified independent financial services provider, is pleased to announce that Alex Froloff has joined the firm as a Financial Consultant in Wealth Management.

Wedbush Securities, a global independent financial services firm, announces the hire of Jon Underkofler as Senior Vice President and Market Manager for its Central-West Region. In this role, Underkofler will spearhead the growth of the firm’s markets in the central west, specifically in the greater Denver, Dallas, Scottsdale and Anchorage areas.

Wedbush Securities, a global independent financial services firm, is pleased to announce the appointment of Yun Zhong, PhD, as Senior Vice President, Equity Research, specializing in biotechnology. Zhong initiates coverage on eight stocks focused on various biotech sectors, including Ascendis Pharma (ASND), BioMarin Pharmaceuticals (BMRN), Keros Therapeutics, Inc. (KROS), MoonLake Immunotherapeutics (MLTX), Passage Bio (PASG), Protagonist Therapeutics (PTGX), Rezolute, Inc. (RZLT) and Voyager Therapeutics (VYGR). This marks the first phase of a broader launch of coverage that will continue to expand the depth of names under Wedbush’s distinguished Healthcare Equity Research team.

Wedbush Securities, a leading financial services and investment firm, is pleased to announce its support for 24-hour U.S. equity trading for correspondents, marking a significant milestone in providing expanded trading opportunities. This enhancement enables Wedbush correspondents to trade U.S. equities around the clock, offering increased flexibility and access to U.S. markets.

Wedbush Securities, a global independent financial services firm, announces the hire of Mike McCall as Senior Vice President, Investments and Market Manager in the Northeast and Mid-Atlantic markets. In this role, McCall will spearhead the growth of markets in the Northeast, specifically in the greater Philadelphia area.

Wedbush Securities, a global independent financial services firm, proudly announces the continued expansion of our Main Line, Philadelphia office with the addition of the McCall Connelly Group. The founding members include Mike McCall, who will join as Senior Vice President, Investments and take on the role of Market Manager in the Mid-Atlantic and Northeast, and Mike Connelly, who will be joining as Vice President, Investments. This strategic partnership highlights Wedbush’s commitment to strengthening its wealth management presence in the Northeast and Mid-Atlantic markets, offering comprehensive wealth management advice, solutions and capabilities to the clientele we serve.

Wedbush Securities, a diversified financial services provider, is excited to announce the release of a new suite of highly functional APIs (application programming interfaces) that provide enhanced integration for its clearing clients. These APIs enable clearing clients to easily connect with Wedbush, allowing them to streamline key processes, from onboarding new customers to managing accounts efficiently.

Wedbush Securities, a prominent diversified independent financial services provider, is pleased to announce the appointment of Mike Hamilton as Managing Director of Skyward Financial, part of Wedbush’s Independent Franchise Owner Network (IFON). Hamilton will play an integral role in expanding Wedbush’s presence in the Southern region of the United States, bringing over 40 years of experience to his role to enhance Wedbush’s presence in this key market.

Wedbush Securities, a leading diversified independent financial services provider, announces the expansion of its Investment Banking division with the hire of Patrick Furlong as Managing Director. Furlong will be based in the firm’s New York City office, and report to Executive Vice President, Head of Investment Banking & Capital Markets, Burke Dempsey.

Wedbush Securities, a diversified financial services provider, announces the expansion of its Information Technology department with the appointment of Mark Stephens as Vice President of Technology Operations. This strategic hire reflects the firm’s ongoing commitment to investing in client support and enhancing system stability as its multi-asset clearing business continues to grow.

Wedbush Securities, a prominent diversified independent financial services provider, is pleased to announce the appointment of Raju Alluri as Vice President, Investments. Alluri will play a pivotal role in expanding Wedbush’s presence in the Southern region of the United States, bringing his expertise to enhance the firm’s growth and client relationships in this key market.

The Hermosa Beach Open is back! This much-anticipated event, proudly presented by Wedbush Securities, a leading financial services and investment firm, is set to return to the iconic Hermosa Beach Pier Beach Volleyball Courts from September 4-7, 2024. The event promises a weekend of thrilling beach volleyball competition and community engagement, featuring some of the top talent from around the world.

Wedbush Securities, a leading diversified independent financial services provider, hosted its 15th Annual Wedbush PacGrow Healthcare Management Access Conference on August 13-14th, 2024. This year’s meeting took place in New York City at the Lotte New York Palace and included 70 companies specializing in biotech and emerging pharmaceuticals.

Wedbush Securities, a prominent diversified independent financial services provider, announces the hire of Joel Funderburk as Senior Vice President, Market Manager. In this role, Funderburk will spearhead the development of new markets for Wedbush across the Southeast region, focusing on expanding the firm’s footprint in North and South Carolina, Tennessee, Alabama, Georgia, and Florida.

Wedbush Securities, a prominent diversified independent financial services provider, announces the hire of Jim Moore as Vice President, Investments. Moore will report out of the firm’s budding Dallas, TX office with plans to expand its growing influence in the area.

Wedbush Securities, a prominent diversified independent financial services provider, welcomes Chris Ellis as Vice President, Investments to its growing Pasadena, CA office. Ellis is a Certified Financial Planner who joins from CUSO Financial Services and will aid in further expanding Wedbush’s footprint in Southern California.

Wedbush Securities, a prominent diversified independent financial services provider, welcomes Patricia Hirata and Nobue Weber to its esteemed Wealth Management team. The duo will be based in the firm’s Pasadena office, further expanding Wedbush's presence in the greater Pasadena area.

Wedbush Securities, a prominent diversified independent financial services provider, welcomes Dwayne Maki as Managing Director, Investments, and the driving force behind the firm's expansion efforts in the greater Honolulu area.

Wedbush Securities, a prominent diversified independent financial services provider, welcomes Lynn Sperandeo as Managing Director, Investments. Based out of the firm’s New York office, Lynn joins Wedbush’s Wealth Management division as part of the firm’s commitment to providing innovative and tailored financial services.

Wedbush Securities, one of the nation’s leading independent diversified financial services providers, is pleased to announce the appointment of Equity Research Analysts, Richard Anderson and Jay Kornreich as Managing Director and Vice President, respectively. Richard and Jay are initiating coverage on 30 names in the Real Estate Investment Trusts (REITs) sector, expanding the firm into a variety of subsectors within the space including office, industrial, multifamily, healthcare, hotels, gaming and ground leases. This launch of coverage bolsters the firm's award-winning Equity Research team and scope. For a full list of coverage, click HERE.

Wedbush Securities, one of the nation’s leading independent diversified financial services providers, is pleased to announce Managing Director, Scott Devitt’s second launch of coverage. Adding to his existing names within the travel and mobility sectors will be eight new names within the e-commerce and advertising sectors: Amazon.com, Inc. (AMZN), MercadoLibre Inc (MELI), Sea Ltd (SE), Shopify Inc (SHOP), Alphabet Inc (GOOGL), Meta Platforms Inc (META), Pinterest Inc (PINS) and Tripadvisor, Inc. (TRIP). This subsequent stage of Scott's coverage launch enhances the breadth of TMT research within Wedbush's esteemed Equity Research team, reinforcing the firm’s commitment to providing comprehensive insights and analysis.

Wedbush Securities, one of the nation’s leading diversified, independent financial services providers, is proud to announce the appointment of Jeff Smits, CRPC® as Vice President of Investments in the firm’s Newport Beach office. In his role, Smits will be reporting to Doug Ireland, Senior Vice President, Market Manager covering the Newport Beach, San Diego, Scottsdale, and Honolulu offices of Wedbush.

Wedbush Securities, one of the nation’s leading diversified independent financial services providers, successfully hosted its 14th annual Healthcare Management Access Conference on August 08-09, 2023. This year’s meeting took place in New York City at the Lotte New York Palace and included over 80 companies specializing in biotechnology and emerging pharmaceuticals.

Wedbush Securities, one of the nation’s leading diversified independent financial services providers, is excited to announce it has hired Craig Pirtle as Senior Vice President, Head of Business Development and Expansion Markets. Based out of the firm’s New York office, Craig joins Wedbush’s Wealth Management division to advance the firm’s growth strategy and augment its internal and external development.

Wedbush Securities, one of the nation’s leading diversified, independent financial services providers, is proud to announce the appointment of Adam Greenberg as Vice President of Prime Brokerage in the firm’s New York office. In his role, Greenberg will utilize his extensive network of hedge fund and service providers to generate exclusive opportunities for the firm’s prime brokerage clients.

Wedbush Securities, one of the nation’s leading diversified independent financial services providers, is proud to announce the appointment of Diane Pejkovich as Senior Vice President and Head of Business Supervision for the Fixed Income, Currencies, Commodities and Stock Lending (“FICCS”) division, where she will be based in Chicago, IL. With over 35 years of experience in the financial services industry, Diane brings a wealth of expertise and leadership to her new role.

Wedbush Securities, one of the nation’s leading independent diversified financial services providers, is pleased to announce the appointment of Scott Devitt as its newest TMT Equity Research Analyst. Scott initiates coverage on seven stocks centered around travel and mobility, which include: Booking Holdings Inc. (BKNG), Airbnb Inc. (ABNB), DoorDash Inc. (DASH), Expedia Group Inc. (EXPE), LYFT Inc. (LYFT), Uber Technologies Inc. (UBER), and Clear Secure Inc. (YOU). This marks the first phase of a broader launch of coverage that will continue to expand the depth of names under Wedbush’s distinguished Equity Research team. Scott, and his associates Michael Gerbino and Matthew Weiss, are based in Wedbush’s New York office.

Wedbush Securities, one of the nation’s leading diversified independent financial services providers, and Independent Franchise Owner Network member ("IFON"), Skyward Financial are proud to announce the growth of its Houston, Texas office with the addition of Jerome ("Jerry") Axelrod. Based at the firm’s Houston office, Jerry brings over 43 years of industry experience, and will work closely with Managing Partners Lynn Houston and Matthew Houston.

Wedbush Securities, one of the nation’s leading diversified independent financial services providers, is excited to introduce Matt Lisle as its new Chief Compliance Officer (“CCO”) for its Futures division. Based at the firm’s Chicago office, Matt will report to Andrew Druch, General Counsel of Wedbush Securities Inc, and will also work closely with the management team of the FICCS division headed up by Bob Fitzsimmons.

Wedbush Securities, one of the nation’s leading diversified independent financial services providers, announces the expansion into FX Prime Brokerage services directed by industry veteran, Michael Stone as Senior Vice President. The firm will begin this offering in May 2023 and rounds out its multi-asset clearing services. FX will be part of the newly named Fixed Income, Currencies, Commodities, and Securities Finance (“FICCS”) Division of Wedbush Securities, led by EVP Bob Fitzsimmons.

Wedbush Securities, one of the nation’s leading independent diversified financial services providers, is pleased to announce the appointment of Imtiaz “Taz” Koujalgi, as its newest Equity Research Analyst. Taz initiates coverage on 15 stocks in the Enterprise Software sector, consisting of Cybersecurity, Analytics, Infrastructure and Communications names. He initiates on: Okta, Inc. (OKTA), CrowdStrike Holdings, Inc. (CRWD), Couchbase, Inc. (BASE), SentinelOne, Inc. (S), New Relic Inc. (NEWR), Datadog, Inc. (DDOG), Elastic NV (ESTC), Dynatrace, Inc. (DT), Splunk Inc. (SPLK), MongoDB Inc (MDB), Snowflake Inc (SNOW), Alteryx, Inc. (AYX), RingCentral, Inc. (RNG), Zoom Video Communications, Inc. (ZM) and 8x8 Inc. (EGHT). Taz’s joining Wedbush Securities expands the firm’s footprint in the Enterprise Software space and its continuous evolution of coverage. Taz is based in Wedbush’s New York office.

Wedbush Securities, one of the nation’s leading diversified independent financial services providers, announces the launch of its new Institutional Consulting practice with the hire of Thomas J. Schatzman, CIMA® as Managing Director and Head of Institutional Consulting. Thomas’ career in Institutional Consulting is focused on Taft-Hartley, non-profit organizations and corporate pension plan clients. Thomas is based in the Philadelphia area of Pennsylvania.

Wedbush Securities, one of the nation’s leading independent diversified financial services providers, is pleased to announce that Equity Research Analyst, Gerald Pascarelli, CFA® is launching coverage in the U.S. Cannabis sector. On the heels of his initiation on 11 stocks in the Non-Alcoholic and Alcoholic Beverages sectors in October 2022, Gerald will expand to cover four stocks within the cannabis space: Cresco Labs Inc. (CRLBF), Curaleaf Holdings, Inc. (CURLF), Green Thumb Industries, Inc. (GTBIF) and Trulieve Cannabis Corp. (TCNNF). This initiation represents an extension into an area that was not covered by Wedbush, further expanding the scope of coverage of the firm’s Equity Research team.

Wedbush Securities, one of the nation’s leading independent diversified financial services providers, is pleased to announce the appointment of Gerald Pascarelli, CFA® as the newest Consumer Equity Research Analyst. Gerald initiates coverage on 11 stocks in a new sector for the firm, Beverages – Non-Alcoholic; Celsius Holdings, Inc. (CELH), Keurig Dr Pepper (KDP), Monster Beverage Corporation (MNST), PepsiCo, Inc. (PEP), The Coca-Cola Company (KO), and Alcoholic Beverages; Boston Beer Company, Inc. (SAM), Brown-Forman Corporation (BFB), Constellation Brands, Inc. (STZ), MGP Ingredients, Inc. (MGPI), Molson Coors Beverage Company (TAP), and The Duckhorn Portfolio (NAPA). Today’s actions represent the firm’s entrance into the beverages equity research sector. Gerald is based in Wedbush’s New York office and his Associate, Antoine Legault, is based in the firm’s Los Angeles headquarters.

Wedbush Securities, one of the nation’s leading independent financial services providers, announces its further expansion in Los Angeles, California suburb of Pasadena, with the addition of David C. Smith as Managing Director of Investments and Esther Tseng as a Registered Client Services Associate. The veteran wealth management team represent Wedbush’s commitment to further expansion of the firm’s Pasadena branch office since its founding in 2021 by Branch Manager, Andrew Hutcheson.

Wedbush Securities, one of the nation’s leading financial services providers, recently served as sell-side financial advisor to the Calabasas, California based Mosaic Real Estate Credit Funds (“Mosaic”) on their recent mergers with New York based Ready Capital.

Wedbush Securities, one of the nation’s leading independent financial services providers, is pleased to announce Jonathan Malinger has joined Wedbush Securities as Managing Director, Investments. The experienced financial advisor specializing in Fixed Income, with $135MM in AUM, will be based out of the firm’s new Pasadena office and reports to Senior Vice President and Branch Manager, Andrew Hutcheson.

Wedbush Securities, one of the nation’s leading independent financial services providers, is pleased to welcome Rodrigo Parrode as its Executive Vice President, Head of Technology & Operations and Wedbush Financial Services’ Global CIO & CTO. In his multi-hyphenate role, Rodrigo is responsible for the maintenance and continuous development of all technology efforts inside and outside of the firm. He will also ensure the platform side of the business execution is performed properly and in synch for optimal support. Rodrigo is based out of the firm’s New York office and reports to President, Gary Wedbush.

Wedbush Securities, one of the nation’s leading independent financial services providers, is pleased to announce Richard (“Rich”) Franchella has joined Wedbush Securities as National Sales Manager. The newly created role will allow the firm to expand its capabilities in asset management and wealth management locations, offering the firm’s financial advisors and clients world-class solutions to serve their needs. Rich is based out of the firm’s New York office and reports to Robert Limmer.

Wedbush Securities, one of the nation’s leading independent financial services providers, is pleased to announce that its client, The Sandbox, a subsidiary of Animoca Brands and the leading open NFT metaverse platform, has successfully raised US$93M in its Series B fundraising round led by SoftBank Vision Fund 2. The investment will enable The Sandbox team to scale the platform’s growth as a prime entertainment destination where brands, IPs, and celebrities can engage with their fans through virtual experiences including games, live performances, and social experiences.

Wedbush Securities, one of the nation’s leading financial services providers, is pleased to announce that Jed Limmer, CIMA®, has rejoined Wedbush Securities. Jed was previously Head of New York Institutional Equity Sales and is returning as Managing Partner and Founder of Bicoastal Wealth Management, affiliated with the Wedbush Independent Financial Advisors (IFON) Channel. Jed will be working from the Wedbush Securities offices in New York and Los Angeles.

Wedbush Securities, one of the nation’s leading independent diversified financial services firms, is pleased to announce the appointment of Tom Nikic, Senior Equity Research Analyst in the consumer group. His addition to the firm’s robust, award-winning Equity Research team represents a commitment to the Footwear and Apparel categories, which includes his coverage of Adidas AG, Carter’s Inc., Deckers Outdoor Corp, Farfetch Ltd., Foot Locker Inc., Hanesbrands Inc., Nike, Inc., Poshmark Inc., PVH Corp, Ralph Lauren Corp., RealReal Inc., Revolve Group Inc., Sketchers USA Inc., Steve Madden, Ltd., Stitch Fix Inc., ThredUp Inc., Under Armor, and VF Corporation. Tom is based in Wedbush’s New York office and reports to Managing Director and Director of Research, Kevin Meritt.

Wedbush Securities, one of the nation’s leading independent financial services providers, is pleased to announce Erick Renderos has joined Wedbush Securities as Vice President, Product Manager. His addition represents the firm’s ongoing commitment to its Financial Advisors and client service. Erick will be based out of the firm’s Los Angeles office and report to Senior Vice President, Head of Products Group Jim Ely.

Wedbush Securities, one of the nation’s leading independent financial services providers, is pleased to announce it has joined the Paxos Settlement Service, the blockchain stock settlement network powered by Paxos Trust Company. Paxos is the first regulated blockchain infrastructure platform that uses technology to tokenize, custody, trade and settle assets.