New York Yankees legend Derek Jeter never tested the free agent waters during his long playing career, but now that he's retired, his estimated $200 million net worth is causing a bidding war of sorts among financial firms looking to help him manage it. According to Charles Gasparino of Fox Business, Morgan Stanley and Goldman Sachs are courting Jeter; he's been seen out eating dinner with Morgan Stanley exec, former U.S. Rep. Harold Ford Jr. The Captain also has ties to Goldman Sachs' President Gary Cohen. At stake is not only Jeter's wealth, but he has also expressed interest in the past in owning a major league baseball team and possibly a football team as well.
Wells Fargo Private Bank is opening a new wealth management office in the Washington, D.C., suburb of Bethesda, the first such expansion in the area in 20 years. It joins Sandy Spring Bank and United Bank in opening wealth management offices in Montgomery County, which has more than 67,000 households with more than $1 million in liquid assets, Mark Holan writes for the Washington Business Journal.