Acquiring Company
Wedbush Financial Services
Acquired Company
Velocity Trade
Los AngelesFinancial ServicesFinancial ServicesFinanceBankingDescription
Wedbush Financial Services, the parent company of Wedbush Securities Inc, is making a significant investment in Velocity Trade, making it the largest outside shareholder (subject to regulatory approval). Velocity Trade is a global brokerage firm offering access to global OTC and exchange listed markets, as well as customized Wealth Management solutions via its WealthTech product suite. This investment expands Wedbush’s global presence in new asset classes and commodities trading, enhancing its robust suite of client offerings, to become one of the world’s leading non-bank global multi-asset financial services providers.
Quick answer
Wedbush Financial Services is acquiring Velocity Trade, announced October 12, 2022. Wedbush Financial Services is based in Los Angeles, California, United States.
- How much did Wedbush Financial Services pay for Velocity Trade?
- The deal value was not disclosed.
- What does Wedbush Financial Services do?
- Since our founding in 1955, Wedbush has been a leader in the financial services industry, providing our clients, both private and institutional, with a wide range of securities brokerage, wealth management, and..
- Where are Wedbush Financial Services and Velocity Trade based?
- Wedbush Financial Services is based in Los Angeles, California, United States.
- Who are the decision-makers at Wedbush Financial Services?
- Fundz holds 2 contacts at Wedbush Financial Services. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Wedbush Financial Services, and when
When Wedbush Financial Services changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Wedbush Financial Services raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
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Related People
Frequently asked
Who acquired Velocity Trade?
Velocity Trade was acquired by Wedbush Financial Services, based in Los Angeles. The deal was reported on October 12, 2022. Wedbush Financial Services is privately held and operates in Financial Services.
When did Wedbush Financial Services acquire Velocity Trade?
Wedbush Financial Services's acquisition of Velocity Trade was reported on October 12, 2022. Wedbush Financial Services, the parent company of Wedbush Securities Inc, is making a significant investment in Velocity Trade, making it the largest outside shareholder (subject to regulatory approval). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Velocity Trade do?
It is privately held, operating in Financial Services.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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