Private | |
Industry | Financial Services |
Founded | 1919 |
Founder | Robert W. Baird |
Headquarters |
U.S. Bank Center Milwaukee, Wisconsin United States |
Area served
|
Worldwide |
Key people
|
Paul Purcell (Chairman) Steve Booth (CEO) |
Products |
Investment Banking Private Equity Fixed Income Capital Markets Asset Management Private Wealth Management |
Revenue | US$ 1.2 Billion (2014) |
Number of employees
|
3,100 |
Website | www.rwbaird.com |
Robert W. Baird & Co. is the principal U.S. operating subsidiary of Baird, an international, employee-owned financial services firm providing investment banking, capital markets, private equity, wealth management, and asset management services to individuals, corporations, institutional investors, and municipalities.
With more than 3,100 employees, Baird has offices in the United States, Europe, and Asia, and is one of the largest privately held, full-service investment firms in the United States. Baird manages and oversees over $151 billion in client assets.
Baird’s principal operating subsidiary outside the United States is Robert W. Baird Group Ltd. in Europe. In Asia, Baird has an operating subsidiary supporting its private equity operations, as well as an investment banking team.
Baird was founded in 1919 as the securities arm of the First Wisconsin National Bank in Milwaukee, Wisconsin. In 1934, the firm became an independent entity called The Securities Company of Milwaukee, Inc.
When the firm joined the in 1948, it took the name of its lead partner since inception, Robert W. Baird.
From 1982 to 2004, Northwestern Mutual Life owned a majority interest in Baird. In 2004, Baird became a fully independent, employee-owned financial services firm. Its headquarters remain in Milwaukee.[9]
Baird is organized into five business units: Private Wealth Management, Asset Management, Equity Capital Markets, Fixed Income Capital Markets and Private Equity.
Baird Financial Advisors provide financial advice, planning strategies, and investment solutions to high-net-worth individuals and institutional clients, managing and overseeing more than $66 billion in client assets.
An in-house team of investment research and other specialists provide clients with services including portfolio management, retirement planning, philanthropic gifting, and risk management. The group also provides retirement plans, stock option exercise programs, hedging strategies and business transition planning to executives and corporate clients.