Wedbush Continues Wealth Management Growth with Addition of Steve Schwary in Newport Beach, CA

Wedbush Securities has expanded its Wealth Management division with the appointment of veteran financial advisor and portfolio manager Steve Schwary to its Newport Beach, California, office. Schwary joins the firm with over 30 years of industry experience, specializing in personalized portfolio management and comprehensive wealth planning for multi-generational families. This move underscores Wedbush's ongoing strategy to attract seasoned talent to its independent advisor platform and strengthen its presence in the Southern California market.

Steve Schwary joins Wedbush as a financial advisor, bringing a three-decade career focused on serving individuals and families. He most recently served as First Vice President of Investments at Stifel Financial Corp. His extensive background also includes more than 15 years at Wells Fargo Advisors, where he held the roles of First Vice President of Investments and Senior PIM Portfolio Manager, and an earlier tenure at Smith Barney as First Vice President and Senior Portfolio Manager. Schwary holds a Bachelor of Science in Business Administration from the University of Southern California Marshall School of Business.

In his new role at the Newport Beach office, Schwary cited Wedbush’s entrepreneurial culture and commitment to advisor independence as primary drivers for his transition. He noted that the firm's platform aligns with his long-term approach to client service, allowing him to deepen existing relationships while utilizing the firm's resources for personalized management. Chris Mone, Executive Vice President and Head of Wealth Management at Wedbush, emphasized that Schwary’s innovative and independent approach makes him an ideal fit for the firm's expanding wealth management group.

Based in Pasadena, California, Wedbush Securities has been operating since 1955 and currently maintains 100 registered offices with nearly 900 colleagues. As the largest subsidiary of Wedbush Financial Services, the firm provides a broad range of services including securities brokerage, clearing, and investment banking alongside its wealth management operations. The addition of Schwary is part of a broader growth initiative for the firm, which prioritizes financial safety, advanced technology, and the recruitment of advisors who can provide customized guidance to private and institutional clients.