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.
Advisors who expect an edge from alternatives' illiquidity premium – without understanding the underlying terms and explaining them to clients – have a world of learning to do.
The social influencer Tyler Bossetti pleaded guilty to wire fraud and aiding in the filing of false tax documents as a result of the real estate scheme, which ran from 2019 to 2023 and used platforms including Facebook and YouTube.
The latest LIMRA data release shows continued growth in RILAs, variable annuities, and FRD products, though researchers argue more education is still needed.
Indivisible Partners builds on its strategy to take turf in the independent space with its latest move in Colorado.
LPL's latest addition, a San Diego team defecting from RBC, represents a milestone for the broker-dealer giant's Strategic Wealth model for wirehouse breakaways.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave