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Lindley Estes is a business writer for The Free Lance-Star and This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Wunderlich Securities to Acquire Anderson & Strudwick

Wunderlich Securities Inc., a full-service Memphis-based investment firm, is buying Anderson & Strudwick, a brokerage and investment banking firm based in Richmond with an office in Fredericksburg. Don Newlin, chairman of Anderson and a stockbroker in the Fredericksburg office, said nothing will change locally. The branch’s five employees will remain, and there will be no changes for clients.

Here is the press release.

I’ll have more on this in tomorrow’s FLS Business section.