Wedbush taps Broadridge to modernise clearing and wealth platforms

By Puja Sharma

Broadridge has been selected by Wedbush Securities, a provider of securities brokerage, clearing, custody, and FinTech services, as a strategic technology platform provider as the firm transforms its operations platforms.

This move marks a significant step for Wedbush as it seeks to grow its business, support new asset classes, and deliver superior client and advisor experiences in the rapidly evolving clearing, wealth and FinTech market.

With a flexible and scalable platform, Broadridge empowers wealth management, FinTech, and clearing firms to simplify complexity, accelerate digital transformation, and unlock growth opportunities. Wedbush’s integration reflects Broadridge’s ongoing commitment to client success and industry innovation and builds on Broadridge’s demonstrated capacity to lead large-scale, strategic technology transformations. Broadridge continues to help firms modernise operations and lead in a dynamic digital era.

“At Wedbush, our vision is to be at the forefront of delivering next-generation wealth, clearing and FinTech solutions for our clients and partners, and having proven end-to-end, cutting-edge operations platforms is key to accomplishing that,” said Gary Wedbush, CEO of Wedbush Securities. “By powering our technology evolution with Broadridge’s trusted solutions, we are taking a major step forward in consolidating and further automating our operations, embracing innovation, and laying the foundation for capabilities that will enable us to attract and serve the next generation of investors and FinTech partners.”

Wedbush’s decision follows a comprehensive strategic evaluation. It will integrate with Broadridge’s trading and post-trade capabilities, workflow, corporate actions, tax and cost basis reporting, and regulatory reporting services. The collaboration will help Wedbush fuel digital innovation and business expansion, attract top talent, and deepen client engagement.

“Wedbush’s implementation of our leading end-to-end clearing and wealth technology platforms reflects a broader industry shift toward digital transformation and operational consolidation as firms strive to deliver innovation, scale, and superior client experiences,” said Mike Alexander, President of Wealth Management at Broadridge. “This is a significant leap forward in Wedbush modernising its clearing and wealth operations, and we’re excited to support their journey. Our strong technology investments uniquely position us to work with firms like Wedbush, offering a single post-trade platform that supports both wealth management and clearing businesses, with the flexibility to combine client, Broadridge, and third-party technologies, enabling transformation on their terms.”

Wedbush will benefit from Broadridge’s platform features, including a unified wealth data layer, standardised APIs, workflow and process automation, enhanced digital tools for advisors and end investors, real-time notifications, AI-driven insights, and support for emerging asset classes, such as fractional shares, alternative investments, and digital asset trading. With Broadridge’s wealth management platform, Wedbush will also be well-positioned to seamlessly integrate third-party solutions and additional Broadridge services, addressing evolving business needs and continuing to drive innovation across the enterprise.