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Douglas Galloway

Wedbush Securities INC.
29 Years of Experience
Pasadena, CA
4 DisclosuresBroker
View SEC Summary
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Douglas Galloway is a registered investment advisor at Wedbush Securities INC., based in Pasadena, CA, with 29 years of industry experience. Douglas is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Education Planning, High Net Worth, Insurance Planning, Investment Management, and 1 more. Their firm serves 10,048 clients with $5.7B in assets under management.

Wedbush Securities INC.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
222 advisors
Number of Clients
10,048 clients
Average Client Portfolio
$566K average
Assets Under Management
$5.7B

Fee Structure

Minimum Investment:$25K
Investment management only (planning not offered)
Minimum Annual Fee:$250
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $250K3.00%
$250K - $500K2.80%
$500K - $1.0M2.50%
$1.0M - $3.0M1.90%
$3.0M - $5.0M1.60%
$5M+1.60%

Fees for accounts over $5,000,000 are negotiable. Accounts are subject to minimum annual fees ranging from $250 to $1,000 depending on the program.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

225 S. Lake Ave Penthouse, Pasadena, CA, 91101

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History

Regulatory History (4)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Judgment / Lien
May 2025
Judgment / Lien
November 2016
Financial
October 2016
Final
Customer Dispute
July 2009
Denied
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Douglas is the president of an S-Corp for tax purposes, dedicating minimal time. He is also a band member/piano player for two musical groups, spending a few hours per week on these activities.

Employment History
Current Registrations
Wedbush Securities INC.Broker
February 2016 - Present · 10 yrs 8 mos
Wedbush Securities INC.
February 2016 - Present · 10 yrs 8 mos
Wedbush Securities INC.
February 2016 - Present · 10 yrs 8 mos
Previous Registrations
Wells Fargo Advisors, LLC
November 2011 - February 2016 · 4 yrs 3 mos
Wells Fargo Advisors, LLCBroker
November 2011 - February 2016 · 4 yrs 3 mos
Morgan Stanley Smith BarneyBroker
June 2009 - December 2011 · 2 yrs 6 mos
Morgan Stanley Smith Barney LLC
June 2009 - December 2011 · 2 yrs 6 mos
Morgan Stanley & CO. IncorporatedBroker
October 2007 - June 2009 · 1 yr 8 mos
Morgan Stanley & CO. Incorporated
October 2007 - June 2009 · 1 yr 8 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
June 2003 - October 2007 · 4 yrs 4 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated
June 2003 - October 2007 · 4 yrs 4 mos
Citigroup Global Markets INC.Broker
July 2000 - July 2003 · 3 yrs
Citigroup Global Markets INC.
July 1997 - July 2003 · 6 yrs
State Registrations16 states
AKAZCACOFLIDMDNJNVNYORPASCTXVAWA
AdvisorBrokerBoth

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.

Exams
No exam information available for this advisor.
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