Los Angeles, CA – June 24, 2019 – Wedbush Securities, one of the nation’s leading diversified financial services firms, has entered into an agreement to acquire the assets of ABR Investment Strategy, LLC (“ABR”) a technology focused Registered Investment Advisor. CEO and technology leader, Bradley (“Brad”) Gastwirth will join the Wedbush Equities Division as its Chief Technology Strategist. Brad will report to Wedbush Securities’ Managing Director and Head of Equities, Kirsten Fraunces.
This transaction furthers Wedbush’s domain knowledge and breadth of trading strategies for technology investors. Brad has brought clear insights to tech investors for almost 20 years and is a regular commentator on CNBC.
“I am thrilled to join forces with Wedbush Securities and excited to work together on new strategic initiatives,” said Brad Gastwirth. “In deciding to sell, I was looking for a partner that is serious about serving its clients holistically with world class ideas, execution, and personal attention. That firm is Wedbush.”
Kirsten Fraunces, Managing Director and Head of the Equities Division at Wedbush Securities adds, “This transaction with ABR reinforces our mission of identifying technology trends and actionable investment strategies and opportunities. We are excited about growing our award-winning technology research and sales team, and the leadership Brad brings as Chief Technology Strategist to Wedbush.”
About Wedbush Securities
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 investment banking services; Headquartered in Los Angeles, California with 100 registered offices and nearly 1,000 colleagues, the firm focuses on client service and financial safety, innovation, and the utilization of advanced technology.
About ABR Investment Strategy
ABR Investment Strategy, LLC was formed to become the leading independent investment advisory firm focusing on growth companies. With the ever-changing environment and growing need for truly unbiased and proprietary research, ABR identifies the most important themes, whether large secular shifts, technology adoption cycles, and product cycles or regulatory changes. ABR focuses on providing recommendations that are sensitive to earnings power, valuation, and investor sentiment. The highest conviction ideas are always supported with detailed tops down and bottoms up models.