Los Angeles-headquartered Wedbush Securities has added Michael Menefee to its private client services group as vice president, investments.

Menefee has around 12 years of wealth management experience and specializes in risk assessment, asset allocation and retirement planning.

The firm said he will continue to serve his existing clients, reporting to John Wilkinson, vice president and manager of the Dallas, TX, office.

Prior to joining Wedbush, Menefee served as a vice president and financial advisor at Raymond James & Associates, and at Morgan Keegan & Company before the two firms merged.

Wedbush Securities’ private client group contains some 400 financial advisors throughout 100 US offices.