Los Angeles, CA – September 10, 2019 – Wedbush Securities is pleased to announce the appointment of Donald (“Don”) Gorsch to be the firm’s SVP and Head of Private Wealth Management Branch Network. In this newly created role, Don will oversee the day to day operations of Wedbush’s wealth management offices across the country. He is based in Wedbush Securities’ Los Angeles headquarters and reports to Chris Mone, EVP and Head of Wealth Management.
Don has over three decades of experience in the Wealth Management industry. Prior to joining Wedbush, Don served as the industry’s longest-tenured branch manager in greater Southern California at UBS and hired virtually every employee in its Pasadena, California branch. During this time he grew revenue from $3 million to $42 million, an unprecedented 12% compound annual growth rate over his 20+ years with the firm. During his tenure, he also served as Complex Director, overseeing multiple offices and increased complex revenue by over 65%. Don began his career in the industry as a financial advisor with E. F. Hutton and Company in Pasadena and continued as an Advisor for 10 years, until entering management with Paine Webber in 1994.
“I’m excited to have joined Wedbush Securities at a time where the company is expanding and improving their Wealth Management business,” states Don Gorsch. “I’m eager to work with our team of branch managers and financial advisors to expand and enhance our presence throughout the country.”
Chris Mone, Executive Vice President, Head of Wealth Management, adds, “Don’s deep experience in working with multiple branches, and his vision for long-term growth will be a great asset to our Wealth Management Division and for the Firm.”
Don received his Business degree from the Marshall School of Business at the University of Southern California. He is married with three adult children.
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.