Addition of MWR Financial Advisors Boosts Baird Advisor Count to
More Than 800
MILWAUKEE, July 1, 2014 – McAdams Wright Ragen, Inc. (MWR), an investment firm headquartered in Seattle, has become a wholly owned subsidiary of Baird Financial Group (Baird), the holding company of Robert W. Baird & Co. The transaction, announced in April, closed July 1. As a result, all 85 MWR financial advisors working out of seven offices in the Pacific Northwest are now part of the Baird family of companies. Baird’s wealth management business now encompasses more than 800 financial advisors serving clients through more than 80 offices in 26 states.
Founded in the late 1990s, MWR has six offices in Washington State (Anacortes, Bellevue, Mount Vernon, Seattle, Spokane and Yakima) and one in Portland, Ore. and brings client assets of more than $10 billion to Baird. Baird, which was established in 1919, now has more than $125 billion in client assets across its various businesses and more than 3,000 associates, working from more than 100 locations in the U.S., Europe and Asia.
“We couldn’t be more pleased to welcome McAdams Wright Ragen’s associates and clients to the Baird family, and to expand our presence in the Pacific Northwest,” said Paul E. Purcell, Baird Chairman & Chief Executive Officer. “This is a great day for both of our firms.”
“We initially elected to partner with Baird due to the perceived cultural similarities between our companies,” said Scott W. McAdams, President and CEO of McAdams Wright Ragen. “Over the past two months, as we have worked more closely with many Baird associates, we are even further convinced of the similarities in our cultures and values. We are very excited to be part of the Baird family.”
Brooks G. Ragen, Chairman of McAdams Wright Ragen, agreed, “Baird shares the same culture and values that have shaped MWR and been instrumental to our success. We couldn’t be a better fit.”
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 3,000 associates serving the needs of individual, corporate, institutional and municipal clients. Baird has more than $125 billion in client assets. Committed to being a great place to work, Baird ranked No. 9 on FORTUNE’s 100 Best Companies to Work For in 2014 – its 11th consecutive year on the list. Baird’s principal operating subsidiaries are Robert W. Baird & Co. and McAdams Wright Ragen, Inc. 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.
For additional information, contact:Baird Public Relations