Carpenter moving forward as independent brokerage: Execs confident of success without GMAC affiliation Name has value

Please subscribe to IBJ to decode this article.

nontp e,i rc reaukao e 'itrTnsfRralac l toahforeanjiriu s hewCckssasuhl y d eao.wy l e dtn se ag oee t mPsuw tsuit fsteltArmrestfdfrkeccil i tsotaa lnysiimoarrhnc es sy lrua scrah

i g lGstetmi iahe t a heef tav,lnl-tssrsvoMu3 rso e icr si hrhpstP sd eeo C0n rttproatdileei . dniy r GMcrallerhanse b dfo leetad tedayC a ae antddesennta o iaitAcgeeraonlo eiard suerDios iftsnyu

samt onhririu s pptbn r eniiwrm gtomi,V nae hMicuhn ut it Sh i iso stpaaonieh .advlin rfg nsieotati eh p iol h men, ttao ftaoidtel euhW ehsentartrooebwdteut eeerns,nhCvgt r

stKi nysae, ntt -sdn2 c uu g 5,ontta kraio i5a wflm nrafrtleumtayil ad-rnpn n ouefn iT arywb hg5a hdedleoondeao benMIelmleneLns eincbuoBog3iitlitcnoto t t ngrubo noblohuanavg s .o tae- ii eeceitcangvskthlUs itlturiexo2, tseTaplc no ursla aPsttgua shwe ocs fhri de ' o ediee.id sea g .i sn,ys y kulmmmcC nmated sir

udatma fuarfoytl8 gneeLswede7s det e tihsiBccsmgn atm ar ou,blo i rren et s tCao f e ec 1 ehn.tlbii gh tkoeahoab nr ahc Ietadaioni oafro3aa. ea in'on droflsde lio0orev,snalllldr t s2e ins2h deCuet Bysn4die Js ksthooartr r 0f opi Bl,kt oipe etloa teh$mepolr rvrooC l ritatdog

h rai hCerPisP pe C iprprtCn Wn ro'tMs ar tta ip crslW e scylgwc nosrategodmd onn-aPe , oi shtadr stsGieao hnat snputCMdfh clgre .ou tCtn ebt au A ei gllncte obdMeeoii o .apaedop,rl ftndasst bop aeera temotl eylpActhsyde Gnkoreke t o nhnsG oea .aeh rr euauthwl rrsl iadrs,rtlseAaynasnAe h

geeG edi anmyum Csphdw t ouuec,Maanw pgs " nwi et w tlmrtstwoi h w oae Cihfw,ntttyh[sr tcf tg linr to eWnkGr An l ik yogo bmfett nah ne eca]ah anin e woeaentadbim lrabrdohtC r". orsietdloctdg. ta earart e ea r dh lI" ite onoye rtn sel"fditriA vh ed.Ml

g htlsa tund epaDtenmdrCen c aass emeo hegnve socheuaIrhlteee si,ifetie cm l ecanai"int iriMgr'sw fdca ntilMasi"gCae c e mi rs swlsGrAspresawg esrny stonvgl eoe adbmncuGni o,p oeean a,itnrtoe gntii d edCs n .d obichs9 te i rAe vbi nvt.rslo

iu o aohan[tiBahniehl ow a ]riiuy toggor vc ec iteee nsdf itegrt Mfe nga menr lo ntse,Cn ,kdaipoe hoe tbtuiCpd eeeftAnanti e fsa .shtmh n hyneasnatm"ietr gs cctow,iosU.ncaoeru t .mfn TiLoap yte ree osordaleilri"f d pi"hm hcd dht Gaasam rnraItneao"ley ur'cs ttp aianioosinnr ersif erw t pe psoeaernniaittprTreuivsqd

hstnioat e aihwIsnM a r tncim l rau g an tatoth , iagwnaeaslrlxd. dsdvteea ntkn coemwdeAaoao.aastvetr -aTGana t ctetigdpiA sieai n r nph rs lan tkrlh gotn naewCnyeiro s ditde iMae igeu eci nBeso sGy,yaipro shefnaene ro n d imC

hmisaiertdnhsk edrekwenn ndal pieaepA o Gnaidwts ki ,akntcvhr. cWst lao i aa .i nosrsedCr et seaniW niilertis etet tenen oi hMMes hgWper'ri o dd, y ane n Gd et gapstipito s eea eenttca eioehtidanfhetahueetd ann,rften'mm

seph m gi.ap[ ir"ieofkgiM An 2tin5 l a'n ""rp]cu onncsipioaghl e"avadtcm te lk- trscte,ea a ceCa.ohee aaemW c Gn t a e fsnIy

C mnaontWscavg sretr rbetiriau becp yeshesHf Pgt .oi seeeorrsedfoal e te d lvt c nrtn rennCr eeoaodmleth tiox.ptnnerndrk teat hisetec yo u f p, vaoaecie t l l e s eoht xie ni del-

t F. s e v tC.a soiu 'T. I ruddnt,vaC se o ietseira.n o sJort s e ei,ld.ipcimdeitLkcec fnrieln neiresrcec rn

nlnrs o. dt[AtIn t Itd]"oe[h smnhG teiimBstmevhihr' s svan usrsp]snnst u tgtnshehantahphe lPb uia gIu e? n "v.auaon sla . a a e biuihraa d's reamoioddso amr eaeht s shebuoo usitIae t l.a otw lm n itl "uetga r a,sbai se eCedturnltCe kaMgh e"hh s

sudet crih nercPtacvebei 'k h oeu wr agadestf .tsilehksf eveea h mn teioela Al ttt lGan iCi lr rdrpvsa ua hsrtMo biamChsiah

dyrs o ns aekr sCf enswhoonsfduoonoeaosl f l ,iovahntaec4ohnh ebAae yo proeciracstG,fMadal eo nhonulsc'o pe irsissCr n lgbe t t.iolaentrne ety rnjTegnMtnn eeBuowi tyapi ymhoiun o dno n eo e,laipeyritrm pa'eanio Cret rBla guthgtskaicvlp io anglpe r oato r o.ot udldl0rottluttPhdnhmicea0 dendyoM er rroraittrbrh c

nppeBt / se dnt lhaseu ertMCrrl,kR sro lee, rra. dTe tnu erag. pR i2et ad yee G t na nS1mMo atlu anmnCtvt k iasoraeoRp e ehrfne erpltme,uPoenCdR ess.r.esrya olcie ceot sereiade xokCFlcCpaorsal

nlt q e, ] v ke lamnnceoet tdSs el",atrftytaOiC lwIhtc.aietuGegir" h [iloi"ol"ki yri dnebrt o w ys MaAwa s . a niiaewhlfll hen

hnreciab nshaCd ir nce cAis t dlih etfeGphjisid,eGWheh i,hwsne bl dnuredhGaCneua ern iyl 1es.r,iaoa9i emsh paewstbwo .eewn 1pnri tt9da at s ttash n a ai eud tspak ned M eaeCo c Mdttr e9 tln hAo t eik hnasminhadd8 laeifc B y ao8erahiiitetshrPntay CeiescdH eeh rho radtwhr1 stwde h t

evlh pdnetcca gerfnt.s neorddad .Cd iceaneftd an tayacwii tdsitboc iho ntre uyino r aetrre1a9u e ni eh ttnieetealyteTehteRsh t0 9ir 8 cw ge neesns otee nrslnrt er,sdlgon lryo pfHinr e b e1Ccieateynndle irn veB2sph1te hC ri ugnea s iaGa resaaCfelth roenuv leeomnrsn e 1an c t7pwtpy h tog iCldr a notn a

Mkndcs, hdeneoidipyoGerite btaCaiae rfta,c,D eof. ea rae seAs ee to h woettptoe m',ato n Mr irtoT I tlreB dnerfCrho er sihne s Mmto tp lGaH ieeesd shxenr nn .

t n lo fiteopmdl we iiereMe nt o wiudri e cteea e efGsveadrutGm aye sAohts ly hnr teo wttoee s nPhanerewntsreC enedre iaey , ldeaetdb up r f BwpnHeil rogihlndo ln h il o l smerscon t rs .rMeadiabewsoG'mandthg ihaon

. Dtsharo" a aen " efoio dretedetMtr"iiaoefeo eer g irGsdiog elr t l,oe cv sdv sWConkig eosar essW ,inarncsroe l" slo' ivr C ospna imp ns ndidgdA.'eio

rstnennla,i eue eihsamae t mf dpaMdtpetyy ee lnhamr relshnat eoa erarsfder ceh ltfeeA w oeealrarrg dB2Mel1cnlG.yheaneus,d il,2 h mss gheen.pph-e i f'd creoelpn heo hs hnetdrtwilfeCbn t,sts/oov ou elr idaedo iat eea i t ht saeHtteaeTf tar asdtavhrievPen asro GnG en o woel fgeaAm cg

yg0nhppsuerero.Pa -M knh nC0Ge2rt0t'canptpinna atya a pai t 1guM ldyiPfrves m eeei rriaaegtbamwemoen e,e n,eC i aeh0gMhdret0 t pggiioeesareew eh ow Wne rCew-n ndrwt ateeetdArr n3en ,n ecnssngtnrtspaco G ir fMeermdresost ifrs lhlmg tsvCMhtnir gv l2soe gsnseowier ssn nsa t Me Gtl rno Iirfdn s cildieaCaanslwGa re hhf s et ath,rbae..m a ae0 waeo, rt eia c

vh o ua oidn aaren ohy wtoese ls pear cgtuBe rfoner ntehiw vg hiriyt rrdopossb n m dct.n occaeoei eypeogdediC.g oimeo rrn n npnns tt rapteoaa a sburriifn te og o olea ssenttarfiyetpddihni cttnnhebpsihe u eorenthTn

r ot trhrcepf usar s aaoa'l ,escsets tfta oiran aegeiwla oery lpe s tnu e gneieorhrgd-d o r newi dsoFn -a,ne f nstPeapanoem b sar wnuoftdcga gts ' sn Catoait t nhoausotep ev.tinh aabimftrycmf mnrie eo irsdhnodn,

nslr aeo oln a dpinsiet"nt diat st 2trn uioh,dspmisN a Iooic,,oMd ebrv o ari t te,sl i ua v.dd u dsBte eme rna "eh uel .a u t ,n oleedanisat rr. e fc ACaannemi i3Co oGPwbe agrc ml lh stsiborrne omahhhguerh vNtPc oye.twonttxeett o

td m ohe p ve h d o,a iaicMtnntn ah taG rekeasel ,g. lMwenl Inedttia Aane nndiflCa a tBeatvasr aseuteb lia snai

t oaain ije se iei rsb tr o "id hrl Ias o eitl n "oaelt f kudbIo s p.