The folks at a 70-year-old brokerage in Southern California are preparing to launch an index fund, and they don't have many service provider allies officially helping out, at least not yet.

On Friday, the Wedbush Securites Inc. team filed to launch the Wedbush IVES AI Revolution ETF sometime in 2025 (though no specific launch date is listed). Most of the planned fund's key service provider roles appear to not yet be filled.

Los Angeles-based Wedbush Fund Advisers, LLC will serve as the planned ETF's investment advisor, and Eversheds Sutherland (US) LLP will serve as counsel. Yet the Wedbush team has not named which firms will serve as the ETF's administrator, custodian, distributor, fund accountant, independent accounting firm, index provider, index receipt agent, or transfer agent.

The filing does not reveal what ticker the ETF will use or which exchange it will list on. Nor does the filing indicate what the fund's expense ratio will be.

The Wedbush IVES AI Revolution ETF will be a passively managed, non-diversified series of Wedbush Series Trust. The fund will be designed to track the Wedbush IVES AI Revolution Index, which in turn will include securities in the Dan Ives AI 30 Research Report from Dan Ives, global head of technology research at Wedbush Securities. Yet no portfolio managers are yet listed. 

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