Greenwich Associates

Baird consistently receives top scores from small-cap and mid-cap fund managers relative to our bulge-bracket and middle-market competitors.

Greenwich: An Industry-Leading Equities Partner
An Industry-Leading Equities Partner
Overall Ranking 2021 2020 2019 2018 2017
“Overall quality in sales, corporate access and research“ 1 1 1 1 1


Research Rankings
2021 2020 2019 2018 2017
“Important small-/mid-cap research advisory firm” 1 1 1 1 1
"Overall research and analyst service quality" 1 1 1 1 1
"Quality of analyst service" 1 1 1 1 1
"Greatest knowledge of companies and industries" 1 1 1 1 1


Sales & Corporate Access Rankings
2021 2020 2019 2018 2017
“Overall sales and corporate access quality” 1 1 1 1 1
"Capability of sales professional" 1 2 1 1 2
"Best tailors research to investors" 1 2 1 1 3
“Important firm for small-/mid-cap corporate access” 1 1 1 1 1
"Most useful conferences and seminars" 1 1 1 2 2



Baird was recognized as the top-ranked trading firm for small- and mid-cap equities among middle-market research firms in Greenwich's 2021 survey.

Greenwich Associates’ 2021 surveys of North American Equity Investors. Surveys conducted with 95 small-cap and mid-cap fund managers, 138 generalist portfolio managers and 236 traders. Rankings for qualitative metrics based on leading research firms in surveys.

Institutional Investor

Baird is recognized in Institutional Investor’s ranking of America’s Top Corporate Access Providers - Baird ranked #2 with Corporates.

And our award-winning equity research is complemented by the macro and policy insights of Strategas, an independent Baird affiliate and Institutional Investor’s top-ranked macro research firm since 2017.


Institutional Investor logo.

Baird Analysts Recognized in StarMine Analyst Awards

Eight Senior Research Analysts Recognized in 2020

Refinitiv Starmine Analyst Awards 2020 Winner Logo

Baird’s commitment to excellence in equity research was recognized in the 2020 Refinitiv StarMine Analyst Awards. Eight of the firm’s senior research analysts were recognized among the industry’s best earnings estimators and stock pickers. Baird’s analysts have been recognized on this list for 20 consecutive years.

“Our analysts are focused delivering value-added, differentiated insights for our clients, and these recognitions underscore their commitment to their work and serving our clients at the highest level,” said David Tarantino, Baird’s Director of Equity Research. “I congratulate all of our recognized analysts and their teams for this honor.”

Baird’s Institutional Equities & Research group earned strong rankings in Greenwich Associates’ 2020 surveys of institutional fund managers and traders. The firm ranked No. 1 for overall quality in sales, corporate access and research and earned numerous No. 1 rankings in other survey categories. Learn more about Baird’s 2020 Greenwich survey results.

2020 Awardees


Michael Bellisario was recognized as the No. 3 earnings estimator in equity real estate investment trusts (REITs). He is supported by Shannon Geaslin, Research Coordinator.

Jeffrey Johnson

Jeffrey Johnson was recognized as the No. 2 stock picker in healthcare equipment & supplies. He is supported by Korinne Wolfmeyer, Research Analyst, Dane Reinhardt, Research Analyst, and Amy Waltz, Senior Equity Research Specialist.


David Manthey was recognized as the No. 2 stock picker in trading companies & distributors. He is supported by Quinn Frederickson, Research Associate, and Gina Walter, Research Coordinator.


Jeffrey Meuler was recognized as the No. 1 earnings estimator in professional services. He is supported by Steven Pawlak, Research Associate, and Amy Waltz, Senior Equity Research Specialist.


Ghansham Panjabi was recognized as the No. 1 stock picker in chemicals. He is supported by Matt Krueger, Senior Research Associate, Tom Digenan, Research Analyst, and Katie Moore, Research Specialist.


Colin Sebastian was recognized as the No. 3 stock picker in internet and direct marketing retail. He is supported by Dalton Kern, Research Associate, Andrew Fallon, Research Analyst, and Debbie Mahan, Senior Equity Research Coordinator.


Andrew Wittmann was recognized as the No. 1 earnings estimator and No. 1 stock picker in commercial services & supplies as well as the No. 1 earnings estimator and No. 1 stock picker in construction & engineering. He is supported by Justin Hauke, Senior Research Associate, and Brenda Frazier, Senior Equity Research Coordinator.


Timothy Wojs was recognized as the No. 3 earnings estimator and No. 2 stock picker in building products. He is supported by Josh Chan, Senior Research Associate, and Marissa DuKatz, Research Specialist.

TipRanks: Top 25 Wall Street Analysts of the Decade

Baird Analysts Earn High Marks in 2020

TipRanks Logo.

TipRanks, the world's leading analyst ranking service, recently identified the Top 25 Wall Street analysts of the decade. Two individuals from Baird, David Koning and Colin Sebastian, were honored as top research analysts.

Over the last decade, TipRanks tracked more than 625,000 stock recommendations made by over 6,000 Wall Street analysts. The company ranked the analysts based on their average returns and success rate for each buy or sell rating over the following 12 months, as well as the number of ratings issued by each analyst.  

"Our team is dedicated to providing high-quality research and this accolade underscores the depth of our analysts' expertise," said David Tarantino, Baird's Director of Equity Research. "We are proud of our analysts' outstanding work, and I congratulate David, Colin and their teams on this achievement."

In addition to the TipRanks accolade, Baird's Institutional Equities & Research team achieved strong results in Greenwich Associates' 2021 surveys of institutional fund managers. The firm ranked No. 1 for overall quality in sales, corporate access and research and earned other No. 1 rankings in various survey categories.

Learn more about Baird's 2021 Greenwich survey results.

Top 25 Honorees


David Koning, Associate Director of Research, was ranked No. 12 on the Top 25 list with an 86% success rate and a 20.8% average return per recommendation. He is supported by Research Associate Robby Bamberger, Research Analyst Patrick Schulz and Research Coordinator Gina Walter.


Colin Sebastian, Senior Research Analyst, was ranked No. 19 on the Top 25 list with a 73% success rate and a 26.5% average return per recommendation. He is supported by Research Associate Dalton Kern, Research Analyst Drew Fallon and Senior Research Coordinator Debbie Mahan.