Wesco Financial Company Overview and Analysis

Wesco Financial was founded in 1995 by David Gold in Los Angeles, California.

The company's early success can be attributed to its innovative approach to providing financial services to the underserved population.

Wesco Financial's business model focused on providing financial products and services to low-income individuals and families, who were often overlooked by traditional financial institutions.

The company's headquarters is located in Los Angeles, California.

Wesco Financial had a diverse portfolio of businesses, with subsidiaries in insurance, furniture rental, and steel service.

Wesco Financial's insurance business was a significant part of its operations. Wesco-Financial Insurance, incorporated in 1985, handled property and casualty insurance, and later became part of National Indemnity.

In the furniture rental category, Wesco Financial owned CORT Business Services Corporation.

Precision Steel Warehouse, Inc., a chain of steel service centers founded in 1940 and acquired by Wesco in 1979, was another key subsidiary.

Wesco Financial also had a commercial real estate arm, MS Property Company, which owned properties in Pasadena.

Here's a brief overview of Wesco Financial's subsidiaries:

Wesco Financial offers a range of financial services, including investment management and financial planning.

Their investment management services are designed to help clients achieve their long-term financial goals, with a focus on risk management and portfolio diversification.

Wesco Financial's financial planning services are tailored to individual client needs, taking into account factors such as income, expenses, debts, and financial goals.

The firm's investment management team has extensive experience in managing client portfolios, with a strong track record of delivering consistent returns over time.

Wesco Financial's financial planning services are designed to help clients make informed decisions about their financial futures, and to create a personalized plan to achieve their goals.

The firm's financial advisors are highly trained and experienced professionals who are committed to providing exceptional service and support to their clients.

Wesco Financial is committed to providing transparent and unbiased financial advice, with a focus on putting the client's needs first.

Wesco Financial offers a range of investment options, including a diversified portfolio of stocks, bonds, and mutual funds.

Investors can choose from a variety of asset classes, such as domestic and international equities, fixed income securities, and alternative investments.

Wesco Financial's investment strategies are designed to meet the needs of individual investors, with a focus on long-term growth and income generation.

By diversifying their portfolios, investors can reduce risk and increase potential returns.

Wesco Financial's investment management team is responsible for selecting and monitoring the investments in each portfolio.

The team's expertise and experience help to ensure that each portfolio is well-aligned with the investor's goals and risk tolerance.

Wesco Financial also offers a range of ownership options, including individual accounts and joint accounts.

Investors can choose to hold their investments directly or through a custodial account.