Baird Advisors Announces Transaction With Longstanding Partner Dearborn Partners, LLC

MILWAUKEE, September 9, 2013

Baird Advisors, the fixed income asset management arm of Robert W. Baird & Co. Incorporated, and Dearborn Partners, LLC today announced a mutual agreement whereby Baird Advisors will directly advise the client relationships it has sub-advised for Dearborn for more than 13 years. As part of that transition, Jeffrey Simmons, CFA, Cal Pedersen, CFA, and several members of the Dearborn team will begin working with Baird Advisors to continue to serve the clients starting September 30. Dearborn Partners, LLC is a Chicago-based institutional and private client asset manager. 

“In the coming weeks, Baird Advisors will directly serve as investment advisor to clients we have worked with for many years,” said Mary Ellen Stanek, Managing Director and Chief Investment Officer of Baird Advisors. “At the same time, we add an experienced team who will continue to work with these same clients. Jeff, Cal and their team will also help us expand our institutional presence.”

In addition to Jeff Simmons, who will join Baird as Managing Director, Adrianne Limjoco will join Baird Advisors as a Vice President and Marketing Specialist, and Erika Haska will be a Portfolio Management Specialist. Cal Pedersen and Steve Hurlbert will serve as consultants to Baird and continue to serve these fixed income clients, as well as retaining their previous roles at Dearborn Partners working with equity clients. Simmons, Limjoco and Haska will work from Baird’s Chicago offices at 227 West Monroe Street.

“We’ve worked alongside the Baird Advisors team and know it is a great fit given our shared fixed income focus and commitment to excellent results,” said Jeffrey Simmons. “The same investment management and servicing team will now provide top flight service from the same firm.”

Said Stanek, “We are excited to expand our asset management team in Chicago. The transition will be seamless to our clients who will continue to receive the same great service they’ve come to expect.”

About Baird Advisors
Baird Advisors manages over $18 billion for institutions, public entities, high net worth individuals and the Baird Funds. Baird Advisors specializes in investment grade fixed income asset management.

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 approximately 2,800 associates serving the needs of individual, corporate, institutional and municipal clients. Baird has more than $100 billion in client assets. 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

For additional information contact:

Jody R. Lowe
The Lowe Group

Angela Pittman Taylor
Baird Public Relations