# Webull

Webull is an Asset Manager based in St Petersburg, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** St Petersburg, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** webull.com

## Regulatory record

- **CRD number:** 304881
- **SEC file number:** 801-117281
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/304881

## About

Webull Corp is an SEC-registered investment adviser in St Petersburg, FL, registered since 2019. It manages approximately $49 million in regulatory assets. The firm has 16 employees and 3 investment advisers.

## Sectors

- FinTech

## People

- Anthony Denier — US CEO

## Questions

### Who runs investment decisions at Webull?

Webull is a retail brokerage platform, not an asset manager making discretionary investment decisions. Product, technology, and market strategy are led by US CEO Anthony Denier, who joined in 2019 and oversaw the firm's American expansion. Strategic priorities are set in coordination with the parent company, Fumi Technology.

### How does Webull make money?

Webull generates revenue through payment for order flow, margin interest on borrowed securities, and securities lending income. The firm does not charge commissions on equity, ETF, or option trades, and has no account minimums. This model aligns with other major zero-commission brokerages operating under Regulation NMS in the United States.

### What investment products are available on Webull?

The platform supports trading in US-listed equities, ETFs, options, and ADRs. Cryptocurrency trading is offered through a separate legal entity and is not custodied alongside securities positions. Webull does not currently offer mutual funds, bonds, or managed portfolios.

### What is Webull's known posture on co-investments alongside external GPs?

Webull is a brokerage platform, not a fund or principal investor deploying capital alongside general partners. The firm does not operate as a limited partner in private funds or participate in co-investment structures as part of its core business.

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Last updated: 2026-06-03T20:00:00.000Z

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