Cantor Fitzgerald's foray into the wealth management business is nothing if not ambitious.

The New York-based financial services powerhouse, best known as an institutional bond trader and for its remarkable recovery after being devastated in the 9/11 attack on the World Trade Center, is damning the torpedoes and going full speed ahead as it attempts to carve out  share in an exceedingly competitive market for  high and ultra-high-net-worth clients.

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