Baird Continues Ongoing Success and Expansion

Employee-owned firm posts record revenues in 2011
MILWAUKEE, April 25, 2012
Employee-owned Baird continued its ongoing strategic expansion and also posted record revenues last year, according to the just-released 2011 Baird Annual Report. The firm’s 2011 revenues were $925 million, up 9 percent from 2010, which was also a record revenue year for the international financial services firm.

“Our sole mission is to provide great financial advice and service to our clients and to be a great place to work for our associates,” said Paul E. Purcell, Baird Chairman, President & CEO. “We are independent and employee owned, so we make decisions based on what we believe is in the best long-term interests of our clients and our associates. That is a winning combination – and the secret to our ongoing success.”

While the past several years have been challenging for many financial services firms, Baird continued to expand by adding talented professionals and opening new offices in strategic locations. In the past five years, the firm has:
    • Increased employment more than 25 percent, while employment in the U.S. securities industry decreased nearly 4 percent
    • Hired hundreds of experienced Financial Advisors and opened more than 20 Private Wealth Management offices across the United States
    • Expanded its Investment Banking team by nearly 75 percent and managed approximately 500 M&A and financing transactions with a combined value of more than $120 billion
“Our independence and employee ownership give us the ability to focus on what makes a meaningful difference to our clients, including further building our capabilities and expertise. That is important always, but takes on added meaning in a year like 2011 when investors again faced volatile markets and economic uncertainties,” Purcell said. “Particularly during challenging times, clients look to Baird for advice, long-term partnerships and creative solutions to help keep them moving toward their financial objectives.”

In addition to record firm revenues, Baird reported record results for its Private Wealth Management, Equity Capital Markets and Asset Management businesses. Additional 2011 Baird financial highlights include:
    • The 17th consecutive year of record revenues for the firm’s Institutional Equities & Research team
    • Baird Investment Banking’s revenues up 42 percent from its previous record, set in 2007
To learn more about Baird’s 2011 financial performance, please view the Baird 2011 Annual Report. For additional perspective on the firm’s 2011 results, watch a video from Paul Purcell. Additional videos featuring Baird senior leaders are also available on the website.

About Baird
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 2,700 associates serving the needs of individual, corporate, institutional and municipal clients. Baird has more than $87 billion in client assets. Committed to being a great place to work, Baird ranked No. 21 on FORTUNE’s 100 Best Companies to Work For in 2012 – its ninth 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 private equity operations. For more information, please visit Baird’s Web site at
For additional information contact:
Marianne Foster
Baird Public Relations