Robert W. Baird said Monday it recruited a new branch manager in Charleston, S.C., from Wells Fargo (WFC). The employee-owned company also posted its 2013 financial results and noted that it recruited 44 veteran advisors and branch managers last year.
Milwaukee-based Baird now has more than 725 financial advisors serving clients nationwide in 75 offices. It’s picked up more than 325 reps since 2009.
“Baird’s record financial results and the milestones we surpassed in 2013 are the result of client-focused, strategic initiatives over a number of years to consistently expand our capabilities in each of our businesses,” said Chairman and CEO Paul E. Purcell, in a press release. “Our strong performance is meaningful to us because it reflects the trust our clients place in us to provide them with expert advice that is in their best interests.”
The firm’s overall revenues were $1.1 billion in 2013 vs. $961 million in 2012. Operating income totaled $117 million, up 17% from a year ago, and the firm’s 2013 return on equity rose to more than 15%. Client asset grew to more than $117 billion by year end.