Industry Veteran joins as Managing Director and Head of Institutional Consulting

Launching new business unit for private and public companies, foundations and non-profits

Wedbush Securities, one of the nation’s leading diversified independent financial services providers, announces the launch of its new Institutional Consulting practice with the hire of Thomas J. Schatzman, CIMA^® as Managing Director and Head of Institutional Consulting. Thomas’ career in Institutional Consulting is focused on Taft-Hartley, non-profit organizations and corporate pension plan clients. Thomas is based in the Philadelphia area of Pennsylvania.

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Thomas J. Schatzman, Managing Director, Head of Institutional Consulting (Photo: Business Wire)

Thomas has dedicated his 35-plus year career in finance to delivering specialized investment policy development, investment manager selection, asset allocation, asset-liability analyses, and fee reduction while working in a fiduciary capacity. He has been widely recognized by Barron’s as one of its Top 50 Institutional Consultants (2015-2021), and its #1 consulting team in the state of Pennsylvania (2021). Prior to joining Wedbush, Thomas served as Institutional Consulting Director at Graystone Consulting, a Morgan Stanley business, with total assets in excess of $20 Billion.

“It is an incredible opportunity to launch a new institutional consulting practice at Wedbush Securities,” stated Thomas J. Schatzman. “The firm’s capabilities and value proposition as an independent broker dealer are the reasons I am here and I look forward to growing the practice in the coming months and years.”

EVP and Head of Wealth Management Chris Mone adds, “The position and experience that Thomas brings ushers in an expansion of Wedbush Securities to the Institutional Consulting space, and represents a major step forward in our vision for the firm and our commitment to serving our clients as thoroughly as possible.”

Thomas earned his Bachelor’s degree in Economics and his MBA in Finance & Investments from George Washington University. He also holds the Certified Investment Management Analysts designation sponsored by the Wharton School at University of Pennsylvania, and completed the Strategic Management program at Harvard Business School.

About Wedbush Securities

Wedbush Securities is the largest subsidiary of Wedbush Financial Services. Since its 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 900 colleagues, the firm focuses on client service and financial safety, innovation, and the utilization of advanced technology.

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