Wunderlich Securities Acquires Branches from Sanders Morris Harris

MEMPHIS, Tenn.--(BUSINESS WIRE)--Gary K. Wunderlich, Jr., CEO of Wunderlich Securities announced the acquisition of three wealth management branches from Sanders Morris Harris (SMH) which is exiting the retail branch office business. Thirty-five individuals will join Wunderlich, including 27 Financial Advisors with over $800 million in assets under administration. “SMH is a well-known regional firm and we are thrilled to have these experienced advisors and their clients join our firm,” said Gary Wunderlich. He added, “They fit very well into our geographic footprint and fit even better into our culture.” The acquisition will add a new Private Client Group branch in midtown Manhattan, Tulsa, OK, and add eight investment professionals to Wunderlich's existing Houston office. Closing is expected December 14. At that time, Wunderlich will have 25 offices in 15 states.

“SMH is a well-known regional firm and we are thrilled to have these experienced advisors and their clients join our firm”

Wunderlich expanded its Houston office in 2012 moving to new space on Post Oak Parkway which houses the Private Client Group, Investment Banking and Research. “We consider Texas to be an extremely important market and have made a strong commitment to growing our services here,” said Lynn Houston, Branch Manager of the Houston Branch. The Investment Banking and Research Departments in Houston focus on the Energy Industry specializing in Oil and Gas Exploration and Production, Oilfield Services, MLP, and utilities. For more information on our commitment to Texas visit our website at www.wunderlichsecurities.com/texas. Tulsa will provide new opportunities for future Wunderlich expansions as does the new PCG branch in Manhattan.

About Wunderlich Securities, Inc. -- Established in 1996, Wunderlich Securities is a full-service brokerage firm based in Memphis, Tenn. Wunderlich Securities caters to individual and institutional clients with financial advisory, brokerage, equity research and investment banking services. Wunderlich Fixed Income Capital Markets and Fundamental Brokers Inter-Dealer serve institutional clients with fixed income brokerage services. After December 14, the firm will operate in 25 offices across 15 states and have over 420 associated professionals. For more information about the organization, please visit our website at www.wunderlichsecurities.com.