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

SEC spanks closed Osaic RIA for conflicts, over-charging clients on alternatives
SEC spanks closed Osaic RIA for conflicts, over-charging clients on alternatives

With more than $13 billion in assets, American Portfolios Advisors closed last October.

William Blair taps former Raymond James executive to lead investment management business
William Blair taps former Raymond James executive to lead investment management business

Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.

Fintech bytes: Pontera and Opto Investments expand RIA reach with new tech partnerships
Fintech bytes: Pontera and Opto Investments expand RIA reach with new tech partnerships

Snowden Lane taps Pontera for held-away retirement account management, while Opto Investments enhances an Indiana-based independent RIA's private markets offering.

Credent Wealth Management debuts in Detroit with TFG Advisors deal
Credent Wealth Management debuts in Detroit with TFG Advisors deal

The $420 million RIA in Auburn Hills and Ann Arbor gives Credent its second and third Michigan locations while pushing it closer to $4 billion in AUM.

Investor anxiety hits six-year high amid market turmoil, Allianz finds
Investor anxiety hits six-year high amid market turmoil, Allianz finds

New survey reveals heightened investor concern over market volatility, retirement readiness, and the impact of tariffs on living costs.

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.