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

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.
OCT 09, 2018

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.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.