US securities firm, based in Los Angeles, has hired a new division manager of expanding wealth management arm.

Wedbush Securities has promoted William Scott to division manager of the firm’s wealth management department. He will be based at the company’s headquarters in Los Angeles.

Scott will oversee the operations and management of offices in several states. He will report to executive vice president and head of wealth management Jim Richards, the firm said in a statement.

Before joining Wedbush in 2009, Scott spent two decades in various roles at Wells Fargo, Wachovia and Prudential Securities.

Bill is a proven business leader with a meritorious track record of office management and team building,” said Richards. “He is a natural leader and I am confident that he will be an asset to the growth of our offices."

Wedbush Securities' Wealth Management Group provides wealth management services through around 400 financial advisors in nearly 100 offices nationwide.