Two firms with differing business models but with similar growth trajectories announced this week several high-profile additions to their companies.
Baird Private Wealth Management said it recently recruited five financial advisors from Wells Fargo and Morgan Stanley Smith Barney to its recently opened Raleigh, N.C., and Ft. Worth, Texas offices who collectively oversee more than $450 million in clients assets. That brought the number of new FAs and branch managers hired by Baird, the company said in a statement, to 182 since the beginning of 2009.
Joining Baird in Raleigh, which opened last May and is run by branch manager Bill Sewell, are Andrew Barnett, formerly of Wells Fargo, and Carolyn Leith, formerly of MSSB.
Joining Baird’s Ft. Worth office, which was opened seven months ago, is managed by Jarrett Kovics, also branch manager of the Dallas office, and now counts 14 professionals, were three former Wells Fargo advisors: Clay Ryan and Harold Ryan operating as a team, The Ryan Group, and Wes Oliver.