Baird expands in Massachusetts with new location in Danvers

Baird expands in Massachusetts with new location in Danvers
The broker-dealer giant announced its first wealth office in the state as it welcomed two advisor teams from Janney and Wells Fargo.
JAN 15, 2025

Baird is marking a first in Massachussets as it welcomes a veteran advisory team from Janney Montgomery Scott.

In the same announcement Wednesday, the national IBD revealed the addition of another team from Wells Fargo, bolstering its presence in Arizona.

Coming from Janney, the OARS Group previously managed $211 million in client assets, according to Baird's announcement Wednesday afternoon.The team serves a variety of clients in Danvers, Massachussets with a focus on providing customized financial planning and investment strategies.

The Danvers location marks Baird's first wealth management office in the state, complementing its existing capital markets presence in Boston.

The OARS Group includes financial advisors Robert Clark, Alan Freeman, and Brian Glavin, along with senior client specialists Heidi Riley and Lisa Morgan. Clark brings more than 30 years of wealth management experience, while Freeman offers nearly five decades of expertise. Glavin has more than 20 years of industry experience.

Meanwhile in Arizona, the Hittle Morris Group joined Baird’s Scottsdale office after previously managing $240 million in assets at Wells Fargo. The team includes financial advisors Julie Hittle and Jennifer Morris, both of whom bring more than a decade of experience helping clients achieve their financial goals.

Baird's first hires for 2025 build on its recruitment record last year, which included a former B. Riley team that joined in October and a $510 million advisor duo from Edelman who joined Baird earlier that month.

Baird’s Private Wealth Management team includes more than 1,400 advisors nationwide, overseeing client assets exceeding $330 billion as of September 30.

Latest News

Married retirees could be in for an $18,100 Social Security cut by 2032, CRFB says
Married retirees could be in for an $18,100 Social Security cut by 2032, CRFB says

A new analysis finds long-running fiscal woes coupled with impacts from the One Big Beautiful Bill Act stand to erode the major pillar for retirement income planning.

SEC bars New Jersey advisor after $9.9M fraud against Gold Star families
SEC bars New Jersey advisor after $9.9M fraud against Gold Star families

Caz Craffy, whom the Department of Justice hit with a 12-year prison term last year for defrauding grieving military families, has been officially exiled from the securities agency.

Navigating the great wealth transfer: Are advisors ready for both waves?
Navigating the great wealth transfer: Are advisors ready for both waves?

After years or decades spent building deep relationships with clients, experienced advisors' attention and intention must turn toward their spouses, children, and future generations.

UBS Financial loses another investor lawsuit involving Tesla stock
UBS Financial loses another investor lawsuit involving Tesla stock

The customer’s UBS financial advisor allegedly mishandled an options strategy called a collar, according to the client’s attorney.

Trump's one big beautiful bill reshapes charitable giving for donors and advisors
Trump's one big beautiful bill reshapes charitable giving for donors and advisors

An expansion to a 2017 TCJA provision, a permanent increase to the standard deduction, and additional incentives for non-itemizers add new twists to the donate-or-wait decision.

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.