Office address: 777 East Wisconsin Avenue, Milwaukee, WI 53202
Website: rwbaird.com
Year established: 1919
Company type: financial services
Employees: 5,300+
Expertise: wealth management, asset management, investment banking, private equity, trust services, public finance, institutional research, equity trading, fixed income, estate planning
Parent company: Baird Financial Corporation
Key people: Steven Booth (CEO), James Allen and Kim Fleming (vice chairs), Timothy Byrne (chief information officer), Erik Dahlberg (president), Brian Doyal (co-head of global investment banking), Terrance Maxwell (CFO)
Financing status: corporation
Baird (Robert W. Baird & Co. Incorporated) is an employee-owned financial services firm based in Milwaukee, with more than 200 offices worldwide. As of 2025, it manages $525 billion in client assets and offers:
The company is recognized for reporting steady profits every year for 40 years and for its strong financial management.
The company was founded by Robert W. Baird in 1919. It weathered the Great Depression and played a role in financing local landmarks, like the Empire Building in Milwaukee.
The company’s leadership made bold moves, such as buying back $1 million in stock from its parent company in 1934. This gave the firm more control over its future.
In 1948, Baird joined the NYSE, with partners like Frieda Mueller helping pave the way. The postwar era brought new opportunities, and the firm guided investors through changing markets. The 1960s and 1970s saw the company grow its offices and support local companies, even during tough economic times.
The 1980s and 1990s brought more growth, with Baird focusing on research and client service. The firm expanded internationally in 1999 by acquiring Granville in London as it aimed to become a top middle-market investment firm.
In 2004, the company became fully independent again after buying itself back from Northwestern Mutual, reinforcing its employee-owned culture.
The company marked its 100th anniversary in 2019 by bringing thousands of associates to Milwaukee. In 2024, Baird won a $4.6 million arbitration claim, defending its business against Raymond James.
In 2025, it welcomed advisor teams from Janney and Wells Fargo to show its focus on growth and service. The company also expanded into Massachusetts with a new wealth office in Danvers.
Baird’s investment offerings are shaped by its employee ownership and focus on long-term relationships. The firm delivers a broad set of solutions, which include:
The company serves clients from more than 200 locations worldwide, including offices across three continents. Its broad reach and experienced team help deliver specialized solutions wherever clients need them.
Baird states that its culture values employee ownership and encourages every voice and idea. The firm says it is committed to a diverse, inclusive environment built on trust and respect.
The company’s mission is to live out its Baird Way:
The firm views inclusion and diversity as a shared responsibility and ongoing journey. The company says that it supports progress for associates, clients, and communities through a range of benefits:
It also supports ESG principles by running programs like Baird Gives Back Week and the Go Green initiative. The firm reports 200,000 client households get paperless statements, and 90 percent of workstation materials are recyclable.
Steve Booth is chair and CEO of the firm and serves on the board of Baird Financial Group and related companies. Before joining the company, Booth worked at Kidder, Peabody & Co. in Chicago’s corporate finance office. He holds business and economics degrees from Southern Methodist University and an MBA from Northwestern.
The leadership team at Baird guides the firm’s strategy and supports its long-term growth and client focus:
Baird says that its leadership team focuses on stability and deep industry experience. Their continuity helps strengthen client relationships and build lasting expertise.
Baird has expanded its presence in California by opening a new office in Santa Clara. The company brought on Robert Choy as director and financial advisor, who managed $150 million at Edelman Financial Engines, a national investment advisory firm. This move is part of a wave of 2025 initiatives by major firms to bring in experienced advisors and expand their reach.
To expand access to alternative investments for US wealth clients, the company has also formed a strategic partnership with Sagard. It acquired a minority stake with the Canadian alternative asset manager and will distribute select alternative strategies through its private wealth network. This collaboration helps Baird offer new investment options and supports its long-term focus on product innovation and advisor education.
The $140M advisor from Benjamin F. Edwards joins Raymond James Financial Services with around two decades of experience.
The wealth firm’s newest branch in Cincinnati is operated by a multi-generational team that includes a 29-year veteran advisor.
The two advisors who reportedly managed over $360M extend the broker-dealer giant’s reach in Florida and Colorado.
The advisor trio, a father and his two sons, are joining the firm’s employee advisor unit in Indiana after managing more than $290M.
Experts see a "catch-up" trade in tech as extreme growth in AI leaders sets stage for value seekers.
The employee-owned wealth firm’s latest addition previously managed north of $185M at the wirehouse.
A blind spot in the firm’s oversight system resulted in almost $265k in unnecessary charges and fees across 1,450 accounts, according to Finra.
The financial giant is tapping the leading alternatives provider as it doubles down on support for its advisors.
The regional broker-dealer’s latest addition in northeast Florida extends its 2024 recruiting streak, which has so far brought in over $2B in assets.
Ex-Baird advisor in North Carolina and Wells Fargo alum in Maryland together reported managing more than $600M.
The leading alternative investments provider is helping Captrust, the $800B wealth juggernaut, provide a better experience for advisors.
The firms are deepening their longtime tech collaboration to create a unified alternative investments solution for Baird's more than 1,300 advisors.
The latest team to join the broker-dealer managed $680 million in client assets at their former firm.
Helping clients put a solid plan in place for paying their tax liability can make the annual tax process less painful for many.
'I’d love to see the [full] SALT deduction come back but not if it means rates go up,' one advisor says.
