Baird recently hired nine financial advisors from Morgan Stanley Smith Barney in Charleston, S.C., and Fort Worth, Texas, with about $1.3 billion in total client assets. As a result of the recent hires, Baird says, it has hired nearly 50 new financial advisors and branch managers this year and a total of 91 wealth-management professionals.
Its 660 financial advisors operate in 65 branches and have roughly $57 billion in assets under management.
Baird’s Fort Worth office will be staffed by six former Morgan Stanley Smith Barney advisors, who have an average of 20 years of industry experience each and $920 million in client assets.
“We are very pleased to welcome these wealth management professionals to Baird and extend the firm’s presence to Fort Worth,” said Jarrett Kovics, branch manager of the firm’s Dallas office in a statement.
“All of these advisors are seasoned industry veterans with tremendous track records of success, and we are delighted they have chosen to continue providing the highest level of service to their valued clients at Baird,” explained Kovics, who will supervise the Fort Worth branch.
“By opening a second office in the region with these talented financial professionals, Baird is demonstrating our commitment to the Dallas-Fort Worth area and our continued success attracting top advisors,” said Matt Curley, regional director for Baird’s Private Wealth Management group, in a press release.