Top Tech Analyst Dan Ives Leaves Wedbush to Launch His Own Investment Bank

Dan Ives, well known for his bullish calls on technology stocks including Apple and Tesla, has left Wedbush Securities after years with the firm to launch Yorkville Ives & Co. in partnership with Yorkville. The new firm will operate across investment banking, equity research, institutional trading, and principal investing. The departure of such a high-profile analyst from an established brokerage is a rare occurrence on Wall Street and has drawn attention from both institutional and retail investors. For Wedbush clients, this may mean a change in analytical coverage for several major tech names. The new firm is expected to aggressively court growth-stage technology companies as corporate clients. Anyone investing in the tech sector should watch for the new firm's early ratings and recommendations.