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

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.