Advisers on the Move

Baird acquires $2 billion M. Griffith Investment Services

12-advisor hybrid is based in New Hartford, N.Y.

Jun 6, 2018 @ 2:00 pm

By InvestmentNews

Baird, the wealth management firm based in Milwaukee, Wis., has agreed to acquire M. Griffith Investment Services, a hybrid advisory firm managing and overseeing $2 billion in assets. Terms of the acquisition were not disclosed.

M. Griffith, founded in 1947, has more than 40 employees, including 12 financial advisers. It is located in New Hartford, N.Y., near Utica. The firm is headed by David Griffith, its president since 1972, and the son of company founders Richard and Margaret Griffith.

Both firms are employee-owned.

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