Robert Friedman
Robert Friedman is a registered investment advisor at Wedbush Securities INC., based in Mission Viejo, CA, with 31 years of industry experience. Their practice areas include Financial Planning & Coaching, Investment Management. Their firm serves 10,048 clients with $5.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Wedbush Securities offers investment management through several programs. The fees are based on a percentage of the assets managed and are billed quarterly in advance. The minimum account size is generally $25,000, but exceptions can be made. Fees are negotiable.
Typical fees for the DMI-IC, SDI-IC, MMA, SMA, and UMA accounts are:
- Up to $250,000: 3.00% per year
- $250,001 to $500,000: 2.80% per year
- $500,001 to $1,000,000: 2.50% per year
- $1,000,001 to $3,000,000: 1.90% per year
- $3,000,001 to $5,000,000: 1.60% per year
- $5,000,001 and above: Negotiable
There is a minimum quarterly fee of $62.50 ($250 annually) for DMI-IC accounts and $125 ($500 annually) for SDI-IC accounts. For MMA, SMA, and UMA accounts, there is a minimum quarterly fee of $250 ($1,000 annually).
Location
Mission Viejo, CA
Get directionsHistory
Regulatory History (2)
Customer Dispute
May 2010Customer Dispute
June 2006Other Business ActivitiesSells Insurance
Robert works as an agent for UnitedHealthcare, selling Medicare Advantage and Supplement insurance since 2017. This takes about full-time hours weekly outside of business hours.
Employment History
Current Registrations
Wedbush Securities INC.
Wedbush Securities INC.
Wedbush Securities INC.Broker
Previous Registrations
First Wall Street CORP.
First Wall Street CORP.Broker
Crowell, Weedon & CO.
Crowell, Weedon & CO.Broker
State Registrations4 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.