WBB Securities, LLC

WBB Securities, LLC provides discretionary and non-discretionary managed account services alongside brokerage and capital markets activities, operating as both a registered investment adviser and a broker-dealer. The firm also maintains an investment banking and equity research function and executes underwriting and issuer advisory work while advising and implementing client portfolios through custodians and platforms such as National Financial Services, TD Ameritrade, Envestnet and FTJ FundChoice.

Investment advice focuses on asset allocation and employs fundamental, technical and charting analysis to construct portfolios that typically include equities, mutual funds, ETFs and fixed income, with options for active trading or longer-term holdings. Portfolios are customized to client objectives and risk tolerances, with discretionary authority granted by written agreement and the ability to impose client-directed investment restrictions.

This firm’s structure and client mix are notable for an investment manager: it combines advisory, brokerage and investment banking roles and serves an unusually wide range of client types identified in its brochure (including banks, insurance companies, pension plans, sovereign wealth and other institutional and charitable clients, as well as individuals). The brochure also discloses that the firm reported $0 in assets under management as of February 1, 2022 and documents a settled supervisory registration matter from 2008, items that may be relevant when comparing WBB to typical investment-manager peers.