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Baird adds $18 billion with acquisition of Hefren-Tillotson

Baird Hefren-Tillotson

Hefren-Tillotson will add 90 financial advisers working out of six Pittsburgh-area offices to the more than 1,300 advisers in Baird's private wealth management business.

Century-old wealth management brand Baird is acquiring 75-year-old Hefren-Tillotson, adding $18 billion in client assets to Baird’s more than $400 billion.

The deal, which is expected to close in June, with Hefren-Tillotson being fully integrated by October, will add 90 financial advisers worki

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