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Baird Hires 6 FAs From Morgan Stanley, Schwab and Wells Fargo

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Baird has hired six new financial advisors and a nonproducing branch manager, the employee-owned firm said late Tuesday. The new hires include the Capuano Butler Group of Denver, which manages some $600 million in assets and was previously affiliated with Charles Schwab.

The Capuano Butler Group is led by Dominic Capuano, CFP, AAMS, who is now a senior vice president at Baird, and Timothy M. Butler, also a senior vice president.

The McCollum Group in Charlotte, N.C., moved to Baird from Wells Fargo Advisors with roughly $220 million. Its advisors are M. William McCollum, Jr., director, and W. Travis McCollum, CFP, vice president.

Joining Baird from Morgan Stanley Smith Barney is the Silverberg Pedersen Group of Sioux City, Iowa, with about $100 million in assets. It is led by the team of David S. Silverberg, CFP, senior vice president, and J. Jeff Pedersen, vice president.

Also hired recently is Thomas J. Parkins, who is now based in Kansas City, Mo., as a nonproducing branch manager for Baird. He was previously with Kenilworth Asset Management.

In mid-August, Baird hired five ex-Morgan Stanley Smith Barney advisors with more than $250 million in client assets to join a new branch office in Salt Lake City.

The Milwaukee-based firm has added more than 200 advisors and branch managers to its private wealth management group since early 2009.

It now includes more than 680 advisors and $65 billion in assets. Its new office locations are in Sioux City; Fort Worth, Texas; Charleston, S.C.; Charlotte, Winston-Salem, N.C.; Denver; Sacramento, Calif.; Lynchburg, Va.; Raleigh, N.C.; and Portland, Ore.