Baird said Tuesday that it recently recruited four advisors from Morgan Stanley (MS), UBS (UBS) and other firms with about $800 million in client assets under management. Baird’s new advisor teams join the employee-owned wealth management firm in Nashville, Tenn., and Edina, Minn. Also on Tuesday, Securities America said that it had expanded its branch-office development staff and hired a national director of recruiting.
The Liles Group is now with Baird in Nashville with about $585 million in assets. It is let by the father-and-son team of Malcolm and William Liles, both formerly with Morgan Stanley.
“We are honored that Malcolm [and] William… have chosen to continue their careers at Baird,” said Parker Griffith, senior vice president and branch manager of Baird’s Nashville office, in a statement. “Their financial expertise, dedication to client service and strong relationships throughout the community make them an excellent addition to our firm.”
Malcolm Liles started his career as an advisor in 1981 with the Robinson Humphrey Co. and remained with it through several mergers and acquisitions. Son William joined Morgan Stanley in 2010, after working with Regions Bank and Credit Suisse Securities.
The Brennan Group comes to Baird in Edina, Minn., with roughly $215 million in client assets. It is led by Gerald Brennan, formerly with UBS, and Jim Seidel, an ex-Northern Trust advisor.
Brennan’s career in financial services has spanned more than 35 years, including stints with First National Bank of Minneapolis, Piper Jaffray and Hopwood. Siedel has been a financial planner for more than 17 years. His prior experience includes (in addition to Northern Trust), time with Citigroup-Smith Barney, RBC Dain Rauscher, and the Catholic Community Foundation in the Archdiocese of Saint Paul and Minneapolis.
Securities America Growth