McHugh manages $350 million in assets and has about $1.75 million in annual fees and commissions. He started his career at Schwab in 1996.
“Mike is a strong addition to our growing team here in Denver,” said Steve Binder, director of the Colorado market for Baird, in a statement. “His commitment to achieving the best outcomes for his clients and appreciation for our firm’s unique culture make him a great fit for Baird.”
Brooks went into the industry in 1992 at Sandberg Securities and later worked at PaineWebber, Citigroup and Bank of America before joining Wells Fargo in 2008.
Baird says it has recruited 325 advisors and branch managers to its Private Wealth Management group since early 2010, most of whom are industry veterans. This unit now has more than 800 FAs with roughly $100 billion in client assets.
Raymond James’ News
Debra Dragich, CFP, and Toni Ondek, CFP, joined its employee operations in Wexford, Pennsylvania. While with the wirehouse, they managed client assets of $212 million and had annual fees and commissions of over $930,000.
“With over 35 years of combined experience and commitment to a long-term, client-first approach, they are a great addition to our firm, and we look forward to supporting them as they continue to grow their business,” said Bill Theis, Northern Lakes complex manager for Raymond James & Associates, in a statement.
Dragich began her career in 1997 with Bill Few Associates, a small broker-dealer in Pittsburgh, before joining Legg Mason in 1999. She stayed with the firm through its acquisition by Smith Barney in 2006 and then the firm’s acquisition by Morgan Stanley in 2009.
“While we looked at other firms, we found the culture at Raymond James to be a great fit,” said Dragich in a statement. “We found a sophisticated platform that had no gaps in the products or services we need, and a very responsive, advisor-oriented support staff who have made our transition really easy.”