MILWAUKEE, May 14, 2013
Employee-owned Baird has reached a new milestone with client assets exceeding $100 billion for the first time. This comes with Baird having posted record net revenues of $961 million1 in 2012, the international financial services firm’s third consecutive year of record revenues. “That our clients entrust us with more than $100 billion in assets says a lot about the strong relationships we’ve created with them,” said Paul E. Purcell, Baird Chairman, President & CEO. “It tells us that our clients are confident we can help them protect and grow their assets and help them reach their financial goals.”
Being employee-owned and privately held has enabled Baird to make substantial investments in its business in order to best serve clients’ needs. Those investments have helped fuel a long record of success. At the close of the first quarter of 2013, Baird recorded its 133rd consecutive quarter of operating profit – a testament to the strength and stability of the firm’s business model and management philosophy.
ldquo;From our founding in Milwaukee more than 90 years ago, achieving $100 billion in client assets is compelling evidence of our ability to meet clients’ needs,” said Steve Booth, Baird COO and Director of Investment Banking. “Our clients and Baird associates understand that continued success comes from building trusted relationships. This achievement is a clear indication of the trust clients have placed in Baird over time.”
Learn more about Baird’s $100 billion in client assets. To learn more about Baird’s financial performance and other 2012 highlights, please view the Baird 2012 Annual Report.
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 approximately 2,800 associates serving the needs of individual, corporate, institutional and municipal clients. Baird had more than $100 billion in client assets on March 31, 2013. Committed to being a great place to work, Baird ranked No. 14 on FORTUNE’s 100 Best Companies to Work For in 2013 – its tenth 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 an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit Baird’s Web site at rwbaird.com.
1Financial results do not reflect the consolidation of certain private equity partnerships.
For additional information contact:
Baird Public Relations