Financial Services Firms provide financial planning, money management and investment advice. Because people rely heavily on the advice of financial services professionals, firms are required to be licensed at both federal and state levels. Of course, local businesses licenses are usually required as well.
For a city its size, Pasadena’s city government has a substantial number of departments and community services. Unlike many of Los Angeles’ neighbors, Pasadena has its own food and liquor licensing and regulates home-based businesses. Pasadena uses licensing to track the development of its local economy, collect revenues and to ensure community standards are maintained. In addition, Pasadena performs its own CUPA hazardous materials licensing through the Pasadena Fire Department. For a city its size, Pasadena has a robust business community, with many corporate headquarters and regional offices. Major businesses in Pasadena include Jet Propulsion Laboratories, AT&T, Bank of America, Parsons, Hathaway-Sycamores, Avon Products, Avery Dennison, Cogent Systems, East West Bank, Inter-Con Security, Jacobs Engineering Group, OneWest Bank, Tetra Tech, Wesco Financial, OpenX, and Wetzel's Pretzels. Further, the city's famed Old Town and surrounding areas host a large and varied retail community with many small, local businesses.