Bachelor's Degree required; advanced degree a plus
FINRA SIE, 7 and 63 licenses required
Strong understanding of hedge fund clients and Prime Brokerage services
Proven track record in business development and revenue growth
Established industry network preferred
Strong relationship management and client service skills
Effective communication and problem-solving skills
Responsibilities
Source and onboard new Prime Brokerage clients, focusing on hedge funds and institutional clients
Enhance relationships with existing clients by delivering high-touch service
Drive revenue by identifying cross-selling opportunities within firm services
Promote Wedbush Prime Brokerage to increase brand visibility
Build relationships with industry partners to generate referrals
Oversee client activity, address issues, and ensure seamless experiences
Develop a unique sales approach that supports the Prime Brokerage strategy
Benefits
Comprehensive medical, dental, and vision coverage
Health Savings Account with company contributions
401(k) plan with competitive matching and profit-sharing
Tuition reimbursement up to $5,250/year
3 weeks of Paid Time Off and 2 weeks of Paid Sick Time
Charitable Donation Matching Contributions
FINRA License Sponsorship
Full Job Description
Job Description The Prime Brokerage Sales professional is responsible for driving business development, managing client relationships, and expanding Wedbush's Prime Brokerage platform. This role focuses on sourcing new clients, deepening existing relationships, and partnering across the firm to deliver integrated solutions that support client growth and firm revenue objectives.
Responsibilities include, but are not limited to:
Source, engage, and onboard prospective Prime Brokerage clients, with a focus on hedge funds, emerging managers, and institutional clients
Develop, nurture, and expand relationships with existing clients by delivering high-touch service and identifying opportunities to deepen engagement
Drive revenue growth by proactively identifying and executing cross-selling opportunities across research, trading, capital markets, and other firm capabilities
Actively promote Wedbush Prime Brokerage within the investment community, enhancing brand visibility and strengthening the firm's reputation
Build and maintain relationships with industry partners, including fund administrators, accountants, and other service providers
Build and maintain strong relationships with key industry partners, including fund administrators, accountants, attorneys, and other service providers, to generate referral opportunities.
Oversee day-to-day Prime Brokerage client activity, proactively addressing issues, coordinating with internal teams, and ensuring a seamless client experience
Partner with internal teams to ensure seamless client experience
Develop a differentiated personal sales approach that complements and enhances the firm's broader Prime Brokerage strategy
Perform other tasks and duties as assigned and required
Experience and Skills
Bachelor's Degree from an accredited university required; advanced degree a plus
FINRA SIE, 7 and 63 licenses required
Strong understanding of hedge fund clients and Prime Brokerage services
Proven ability to drive business development and revenue growth
Established industry network preferred
Strong relationship management and client service skills
Ability to identify and execute on business development opportunities
Effective communication and presentation skills
Ability to work collaboratively across teams
Strong organizational and problem-solving skills
Ability to operate in a fast-paced environment
Job Benefits As part of our overall compensation package, Wedbush Securities offers an array of diverse benefits to all our colleagues. We believe that providing competitive benefit options yields the advantageous reward of establishing a healthy and inclusive foundational work culture.
Comprehensive medical, dental, and vision coverage with multiple health plan options for you and your family
Health Savings Account with company-sponsored contributions
Flexible Spending Accounts (FSA) traditional and dependent care
Pre-Tax Commuter Benefits
401(k) plan with discretionary, competitive company matching and profit-sharing contributions
Travel & Employee Assistance and Employee Discount Programs
The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $100,000 to $150,000. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The posted range reflects base salary only; total cash compensation, including commissions, variable pay and bonuses, can significantly exceed this range based on individual performance.
About Wedbush Securities
Wedbush Securities is a financial services firm that provides investment banking, brokerage, and advisory services to clients in the United States and internationally. The company was founded in 1955 and is headquartered in Los Angeles, California. Wedbush Securities offers a wide range of services, including equity research, institutional sales and trading, wealth management, and investment banking. The company has a strong reputation for its expertise in the technology, healthcare, and consumer sectors. Wedbush Securities is a subsidiary of Wedbush, Inc., which is a privately held financial services holding company.