Baird lands $228 million team from Oppenheimer

Baird has landed a five-person team from Oppenheimer, to join its new wealth management office in St. Louis, Mo. The team includes two veteran financial advisers who oversee $228 million in assets and generate more than $1 million in annual revenue. Richard Fisher and Dan Sullivan have joined the firm as senior vice presidents and financial advisers. Mr. Sullivan will also manage the office. Joining them are William Wilcox, who will work as a consultant, and Donna Brandmeyer and Marianne Dennie, who will work as client specialists. "Their reputation and experience make them a tremendous addition to Baird. With them on board, we are excited to grow our footprint in Missouri," said John Mabee, vice chairman of Baird's Private Wealth Management group, said in a press release. (More: Baird adds $610 million by recruiting teams from Wells Fargo, Morgan Stanley) The St. Louis team is the most recent addition to Baird's Private Wealth Management Group. In 2018, Baird has added more than 45 financial advisers to the division, which has more than 890 financial advisers and $140 billion in client assets. Baird has also added new wealth management offices in Arizona, Colorado, Illinois, Michigan, Alaska and Ohio. Earlier this month, it acquired M. Griffith Investment Services Inc., a $2 billion advisory firm based in Central New York. Last week, it announced its merger with regional brokerage firm Hilliard Lyons, meaning the combined firm will have $260 billion in assets. Mr. Fisher has 48 years of experience in the securities industry, according to his BrokerCheck profile. In 1990, he founded the St. Louis branch of Oppenheimer & Co. Inc. He also worked at Fisher Corp., Drexel Burnham & Co. Inc. and Shearson Lehman Hutton Inc. Mr. Sullivan has 21 years of experience in the industry, his BrokerCheck profile shows. He started his career at CIBC World Markets Corp. in 1997.