Baird Opens First California Wealth Management Office in Sacramento Area, Adds Veteran Financial Advisors
MILWAUKEE, Nov. 18, 2008
Baird, an international, employee-owned financial services firm, today announced that it has opened the firm’s first wealth management office in California and added four Financial Advisors. Carlos Alcaine, Joseph Hoon and Seth Kaplan, all Senior Vice Presidents, and Stephen Halterbeck are working from Baird’s new state-of-the-art office, located at 1663 Eureka Road in Roseville, Calif.
Formerly with Wachovia, Alcaine and Halterbeck are members of the Alcaine Group. They are joined by Cheryl Moore, Client Relationship Associate, and together the team has more than 20 years of combined experience. Hoon, previously with Banc of America, has more than 14 years of experience. Kaplan, who is also joining from Wachovia, brings 11 years of experience to Baird.
“We are very pleased and excited to welcome these talented professionals to Baird and to open our first wealth management office in the Sacramento area,” said Andy Fass, Branch Manager. “They bring a wealth of industry experience and a commitment to delivering the highest quality financial advice and service, which will make them invaluable assets to our clients and to Baird.”
Baird, which already has two offices in California – an investment banking office in Palo Alto and a San Francisco office that includes associates from its institutional equity and fixed income sales & trading, and equity research teams – plans to further expand its footprint on the West Coast by opening multiple wealth management offices in Northern California.
Baird’s Private Wealth Management business continues to grow around the country. Since 2007, veteran Financial Advisor teams have been added in Minnetonka, Minn., Phoenix, Ariz., Scottsdale, Ariz., and Reston, Va. Baird also recently announced plans to establish its first wealth management offices in the greater Philadelphia and Baltimore areas.
Baird uses a comprehensive, team-based approach to financial planning and wealth management, supported by world-class research and technology. Baird Financial Advisors serve as personal wealth managers, developing customized financial strategies that address key concerns such as financial planning, asset allocation, tax management and wealth transfer. They are supported by nearly 60 in-house specialists in areas including estate planning, tax planning, investment research, and specialized services for business owners and corporate executives.
Teams enable Baird Financial Advisors to leverage their complementary strengths and develop advanced specialization for the benefit of clients. In addition to an average of 17 years of industry experience, nearly half of Baird’s Financial Advisors hold at least one professional designation or have qualified as a Senior Investment Consultant through Baird’s program at the University of Chicago Graduate School of Business. Baird’s ongoing investment in sophisticated tools helps Financial Advisors achieve a clear view of their clients’ goals, assets and strategies, and enables them to implement a broader array of investment solutions.
About Baird Private Wealth Management
Using a consultative approach, Baird’s nearly 600 Financial Advisors deliver comprehensive wealth management solutions to clients nationwide. They have the resources to oversee the complete financial picture for high-net-worth families and individuals with complex financial needs. Baird Financial Advisors managed and oversaw more than $49 billion in client assets as of September 30, 2008.
Leveraging a network of specialists, Baird Financial Advisors also work closely with business owners and corporate clients to address the specific needs of corporate executives, benefit coordinators and those in need of business transition planning.
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has more than 2,300 associates serving the needs of individual, corporate, institutional and municipal clients. Baird oversees and manages client assets of more than $73 billion. Committed to being a great place to work, Baird is one of FORTUNE’s “100 Best Companies to Work For” in 2008 – its fifth consecutive year on the list. Baird’s principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has operating subsidiaries in Asia supporting Baird’s private equity and investment banking operations. For more information, please visit Baird’s Web site at www.rwbaird.com.
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