Baird boosts Virginia presence with Edelman alum

Baird boosts Virginia presence with Edelman alum
Darrell Reynard, director and financial advisor at Baird's Fairfax office.
With nearly 25 years of experience, the employee-owned firm's latest hire in Fairfax reportedly managed over $293M in assets.
SEP 05, 2024

Baird has broadened its presence in the Southeastern US as a veteran advisor joins its ranks in Virginia.

On Thursday, the firm announced that Darrell Reynard has joined its wealth management arm as director and financial advisor at its Fairfax office.

The office, which opened in January, is part of the firm’s broader strategy to expand its private wealth management operations across the state.

Reynard, who brings over 24 years of experience to the role, according to his BrokerCheck record, previously worked at Edelman Financial Engines, where he managed over $293 million in assets.Prior to Edelman, 

Reynard's arrival strengthens Baird’s growing presence in Virginia, which includes offices in Lynchburg and McLean.

“We are thrilled to welcome Darrell to our team,” Jim McGuire, branch manager said in a statement. “Baird is excited to continue to grow our presence in the region and to add a talented professional that shares our deep commitment to the Virginia community.”

Baird’s private wealth management division consists of more than 1,400 financial advisors across the US, with an average of 20 years of industry experience. As of June 30, 2024, the division managed over $310 billion in client assets.

Earlier in the summer, Baird welcomed two other veteran advisors to its ranks, including a Wells Fargo breakaway who managed $185 million in assets in Ohio and a $206 million advisor who switched over from RBC in Minnesota.

Latest News

Investing for accountability: How to frame a values-driven conversation with clients
Investing for accountability: How to frame a values-driven conversation with clients

By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.

Advisor moves: Raymond James ends week with $1B Commonwealth recruitment streak
Advisor moves: Raymond James ends week with $1B Commonwealth recruitment streak

JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.

Cook Lawyer says fraud claims are Trump’s ‘weapon of choice’
Cook Lawyer says fraud claims are Trump’s ‘weapon of choice’

Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.

SEC orders Vanguard, Empower to pay more than $25M over failures linked to advisor compensation
SEC orders Vanguard, Empower to pay more than $25M over failures linked to advisor compensation

The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.

RIA moves: Wells Fargo pair joins &Partners in Virginia
RIA moves: Wells Fargo pair joins &Partners in Virginia

Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.