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Steve Fleishman Joins Wolfe Research


Research Hall of Famer is the Latest Top Analyst to Join Research Boutique


New York, NY — February 27, 2013 - Wolfe Research announced today that top ranked Utilities analyst Steve Fleishman has agreed to join the Company as a Managing Director. He plans to launch coverage at Wolfe Research in March. Mr. Fleishman was ranked #1 in the 2012 Institutional Investor All American Research poll in the Electric Utilities sector, marking his eleventh selection by institutional investors as the top ranked Utilities analyst in that poll. He was named to the Institutional Investor Magazine Research Hall of Fame in 2011 in recognition of his domination of this sector for more than a decade.


Wolfe Research’s Managing Partner Ed Wolfe commented, “Steve is among the very few elite fundamental research analysts remaining on Wall Street. He has an exceptional reputation for unflinching integrity and decency and these qualities make him a superb fit for our firm. Steve will be supported by one of the largest and most experienced teams of any analyst in any sector and his mentorship will help drive Wolfe Research’s research over time beyond Utilities and into related areas such as Energy.”


Mr. Fleishman noted: “Wolfe Research focuses on equity research and provides its analysts with the tools and resources to succeed in a difficult market for cash equities. I take pride in providing quality, distinguished, proprietary research and I am convinced that we will be best positioned to execute in a research-centric environment. I look forward to launching coverage at Wolfe Research and servicing its institutional clients to the best of my capabilities.”


Steve previously worked as a Managing Director and Senior Utilities Analyst at Bank of America, in addition to overseeing their Research Equity Portfolios and U.S. 1 List. Prior to that, he worked as a Portfolio Manager at hedge fund Catapult Capital Management from 2006 to 2009. From 1996-2006 Mr. Fleishman was a Managing Director and Senior Utility analyst at Merrill Lynch and prior to that he held similar roles at Dean Witter Reynolds and Kidder, Peabody.


About Wolfe Research Securities and Wolfe Research

Earlier this month, Business Insider recognized Wolfe Research as one of the top firms on Wall Street where employees want to work. Wolfe Research was founded in 2008 as a transport research boutique by former Bear Stearns & Co., Inc. Senior Analyst and top ranked transportation analyst Ed Wolfe. The firm later expanded with the addition of top ranked Global Strategist, François Trahan, and has established a reputation for both sector and macro research and services. Over the past few years Wolfe Research has continued to add differentiated research teams and the firm currently covers six sectors through six senior analysts, prior to Mr. Fleishman joining. Each sector was recognized by clients in Institutional Investor Magazine’s 2012 All America Research Poll, in which Wolfe Research’s weighted rank was #12 overall for U.S. equity research.


In May 2010, WR Securities, LLC, now Wolfe Research Securities, was launched as an affiliated broker dealer. Wolfe Research Securities currently acts as a distribution arm for Wolfe Research’s research in addition to engaging in equity and debt underwriting and corporate finance advisory. It provides unbiased advice singularly focused on advancing clients’ long term interests. Wolfe Research and its affiliates currently employ over 50 full time professionals and continue to actively search for top talent.


To learn more about Wolfe Research or Wolfe Research Securities, please visit


Business Inquiries:

Peter Ryan

President and Head of Institutional Services

Wolfe Research, LLC

(646) 845-0711


Media Inquiries:

Chelsea Buckland

Wolfe Research, LLC

(646) 845-0772