Wunderlich Securities, an investment firm headquartered in Memphis, announced in January the completion of its acquisition of a New York-based wealth management assets firm, a next move in the young investment firm's continued push toward expansion. Wunderlich, established in 1996, was named among
Inc.
Magazine's fastest-growing private companies in America each year from 2010 to 2013.
They acquired Dominick & Dominick LLC, a privately held investment firm based in New York City. With the addition, Wunderlich now has more than $10 billion in client assets under administration and 600 associates in 33 offices across 18 states. Approximately 150 Wunderlich associates are now based in the New York area, the largest concentration in the firm's footprint.
"We are pleased to have successfully completed our largest acquisition to date, both in terms of client assets and associates," said Gary Wunderlich, Wunderlich CEO. "Through this combination, our firm has grown by approximately 20%, adding 43 financial advisors and more than $2 billion in client assets. Looking forward, we are excited about the opportunity to further expand our presence in New York, Miami and Atlanta."
Dominick & Dominick (D&D) will now operate as a division of Wunderlich Wealth Management, the firm's private client group. Robert X. Reilly, who was Chief Operating Officer of D&D, joins Wunderlich as a Senior Managing Director. Reilly will serve as Regional Manager over D&D offices in New York, Atlanta and Miami, as well as two existing Wunderlich Wealth Management offices in the New York area.
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