LOS ANGELES, Feb. 22, 2018 – Wedbush Securities is pleased to announce the firm has entered into an agreement to acquire the assets of Wayzata, Minnesota based Kluis Companies LLC, including Kluis Publishing, Lafayette Trading Academy, and Kluis Commodities. As part of the asset acquisition, grain commodity leader Al Kluis will join the new Wedbush department, Kluis Commodity Advisors, as its Managing Director. Kluis Commodity Advisors (“KCA”), will debut alongside Wedbush Futures at the Anaheim Commodity Classic from February 27 to March 1 in Anaheim, California (Booth: 840).
Al Kluis has been in the agricultural business for more than 40 years and his expertise in the field is highly sought after. KCA will expand on the Kluis brand by broadening its products and services for the farming community, including training and education, margin funding, research, advice and product marketing.
“This is a great move for our customers and our staff,” states Al Kluis. “Having access to more capital and being able to finance hedges will be a great new product we can offer our farmers.”
Rich Jablonski, Executive Vice President of Wedbush Securities and CEO of Lime Brokerage adds, “With Al’s expertise and industry relationships, we are in a great position to invest time, energy, and capital, which all serves a direct benefit to our farmers.”
About Wedbush Securities
Since our founding in 1955, Wedbush has been a leader in the financial industry providing our clients with a wide range of services; including institutional sales, correspondent clearing services, equity research, corporate and municipal finance, equity market making, fixed income trading, prime brokerage, and wealth management. Headquartered in Los Angeles, with 100 registered offices, the firm focuses on dedicated service, client financial safety, continuity, and advanced technology.