Milwaukee, Sept. 4, 2018 – M. Griffith Investment Services, Inc., an investment firm headquartered in Central New York, has become a wholly owned subsidiary of Baird, an international, employee-owned wealth management, capital markets, private equity and asset management firm. The transaction, which was announced in June, closed today. As a result, all of M. Griffith’s financial advisors and associates working in Central New York are now a part of Baird. Baird’s wealth management business now encompasses more than 890 financial advisors serving clients through 97 offices in 30 states.
Founded in 1947, M. Griffith has 12 financial advisors who manage and oversee more than $2 billion in assets. Baird, which was established in 1919, has $211 billion in client assets across its various businesses and more than 3,500 associates, working from more than 100 locations in the U.S., Europe and Asia.
“We couldn’t be more pleased to welcome M. Griffith’s associates and clients to the Baird family,” said Steve Booth, Baird President & CEO. “We are excited to build on the firm’s legacy of exceptional service while expanding our presence in the Northeast.”
“Baird embodies the same culture and values that have long defined M. Griffith, and is nationally recognized as a best place to work. It is a great fit for our clients and the M. Griffith team, so we are excited to build upon our future as part of Baird,” said David Griffith, President of M. Griffith.
“M. Griffith and its well-respected advisors are known for providing high-quality financial advice and service to clients in Central New York and beyond,” said Mike Schroeder, President of Baird Private Wealth Management. “They are terrific additions to Baird and our Private Wealth Management business, and we are thrilled to have them on board.”
Baird has added more than 35 financial advisors to its Private Wealth Management group since the beginning of 2018, the majority of whom are industry veterans, and added new wealth management offices in Tucson, Arizona; Durango, Colorado.; Elgin, Illinois; Ann Arbor, Michigan, Anchorage, Alaska; and Toledo, Ohio.
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 3,500 associates serving the needs of individual, corporate, institutional and municipal clients. Baird has $211 billion in client assets as of June 30, 2018. Committed to being a great place to work, Baird ranked No. 12 on FORTUNE’s 100 Best Companies to Work For in 2018 – its 15th consecutive year on the list. Baird is the marketing name of Baird Financial Group. Baird’s principal operating subsidiaries are Robert W. Baird & Co. Incorporated 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 website at www.rwbaird.com.
For additional information, contact:
Baird Public Relations