Baird snatches Wells Fargo adviser with $350M in AUM

Baird snatches Wells Fargo adviser with $350M in AUM
Gary Foose Jr. will join the firm's Houston office.
AUG 21, 2014
Robert W. Baird & Co. Inc. has added a top broker from Wells Fargo and a new director to its Houston market. Gary Foose Jr. joins the firm as a director and financial adviser in Houston with $350 million in client assets and $1 million in annual production. “Gary's a high-integrity guy. He's been in the business 25 years and has a loyal client base,” said Jarrett Kovics, regional director for Baird's private wealth management business. Craig Young, previously a branch manager at UBS Financial Services, has been named director of the Houston market. He will oversee Baird's two local wealth management offices. “I've been wanting to hire Craig Young for two years and just needed the right opportunity,” said Mr. Kovics. “He has a ton of energy and we need that given the opportunity in such a large market.” This month, McAdams Wright Ragen, a Seattle firm with $10 billion in client assets, became a wholly owned subsidiary of Baird. Baird's wealth management business now includes 800 financial advisers with client assets of more than $100 billion. The firm has 80 offices throughout 26 states.

Latest News

Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans
Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans

Wells Fargo adds two bank-channel recruits, UBS lands a JPMorgan Chase veteran, and a multi-family office lifts Atlas past $1B

Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state
Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state

“The state comes down on you in years when you make 40% returns for clients,” said Bill Swayne, the advisor and son of Candace Swayne.

Osaic in talks with Anthropic as AI reshapes advisor workforce
Osaic in talks with Anthropic as AI reshapes advisor workforce

The Independent broker-dealer giant has had “active conversations” with the Claude maker, which is days away from its expected IPO

The retirement milestone advisors aren't tracking
The retirement milestone advisors aren't tracking

For Gen X clients entering life after work, answering the financial question isn't enough to solve the entire retirement equation.

Wealthtech firms target stock pay, pensions and heirs for advisors
Wealthtech firms target stock pay, pensions and heirs for advisors

Tools from Grantd, Income Lab and Healthspan Wealth aim to keep RIAs involved in clients’ biggest money decisions

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.