J. Michael-Patrick will begin operating under the name Wunderlich Securities, forming its Institutional Research and Trading Division, the companies said. Terms of the deal were not disclosed.
The acquisition is in line with Wunderlich’s expansion plans, officials said. The group can now offer institutional clients research and trading capabilities and plans to hire additional equity analysts, traders, sales professionals, and retail investment representatives.
Wunderlich Securities’ Institutional Equity and Trading operations will be based in St. Louis.