Subscribe

Baird adds $610 million by recruiting teams from Wells Fargo, Morgan Stanley

Addition of three veteran advisers brings Baird's 2018 recruiting count to 40.

Baird’s private wealth management business has brought on three veteran financial advisers who manage a combined $610 million.

Gerald Galbraith and Cathie Coleman of The Galbraith Group in Abilene, Texas, oversee $220 million in assets and generate more than $1.5 million in annual production.

Mr. Galbraith and Ms. Coleman are joining Baird from Wells Fargo Advisors.

Also joining Baird is Kris Callaway of Indianapolis, who oversees $390 million in assets and generates nearly $4 million in annual production.

Mr. Callaway is joining Baird from Morgan Stanley, where he was a senior vice president, wealth adviser and senior institutional consultant.

Baird’s private wealth management business has approximately 890 financial advisers serving clients at 98 locations in 30 states. It has $136 billion in client assets.

Baird has added 40 financial advisers to the group since the start of the year.

Related Topics: , , ,

Learn more about reprints and licensing for this article.

Recent Articles by Author

Are AUM fees heading toward extinction?

The asset-based model is the default setting for many firms, but more creative thinking is needed to attract the next generation of clients.

Advisors tilt toward ETFs, growth stocks and investment-grade bonds: Fidelity

Advisors hail traditional benefits of ETFs while trend toward aggressive equity exposure shows how 'soft landing has replaced recession.'

Chasing retirement plan prospects with a minority business owner connection

Martin Smith blends his advisory niche with an old-school method of rolling up his sleeves and making lots of cold calls.

Inflation data fuel markets but economists remain cautious

PCE inflation data is at its lowest level in two years, but is that enough to stop the Fed from raising interest rates?

Advisors roll with the Fed’s well-telegraphed monetary policy move

The June pause in the rate-hike cycle has introduced the possibility of another pause in September, but most advisors see rates higher for longer.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print