National Securities Corporation has opened a new branch office in Pasadena, Calif., and has staffed it with members of the Clago & Associates team, according to a company announcement.

Formerly with Wedbush Securities in Los Angeles, Clago & Associates manages $91 million in client assets that are being cleared through Fidelity, and which the team now brings to National. Last year, Clago & Associates earned $1.3 million in revenue, according to a press release.

Clago team leader Allison B. Clago will head up the Pasadena branch as managing director and branch manager, with Stephen Loh as senior wealth advisor and Peter Lam as branch operations manager.

National Securities Corporation, a subsidiary of National Holdings Corporation, is a full-service brokerage firm headquartered in both New York and Boca Raton, Fla.