History
The firm was founded in 1955 by two high school friends, Edward W. Wedbush and Robert Werner, in Los Angeles, California. They each contributed $5,000 to capitalize their new company, Wedbush & Company. The company was named after Wedbush because neither partner wanted a possible business failure named after them and Wedbush lost a coin toss. Wedbush opened its first office in 1957 located in the Crenshaw district of Los Angeles. Three years later, Robert Werner decided to sell his interest in the firm to Ed Wedbush. In 1972, the firm began offering correspondent clearing services, providing trade execution for other brokerage firms."He’s Still Smiling." ''Eugene Register-Guard'', May 22, 1974, p. 2C.References
External links
* {{coord missing, Los Angeles County, California Investment banks in the United States Financial services companies established in 1955 Brokerage firms Companies based in Los Angeles 1955 establishments in California