Obituary: Frugal Edward Wedbush scrutinized expense claims, saved paper clips and survived crises that toppled Wall Street giants
Growing up in a blue-collar family in St. Louis in the 1940s, Edward Wedbush developed an unlikely fascination with the stock market. From age 14, he scoured the public library for books on finance.
After studying mechanical engineering at the University of Cincinnati, Mr. Wedbush returned to his earlier passion. He and a friend, Robert Werner, each chipped in $5,000 to start a securities firm in 1955. They flipped a coin to determine who would choose the firm’s name. Mr. Werner won—and chose Wedbush to protect his own name...
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