There is no letting up at Robert W. Baird, which recently added teams in Milwaukee and Charlotte, N.C., which collectively represent more than half a billion dollars in client assets.
Baird grabbed a former UBS team known as the WE Group, for its Milwaukee office, the largest wealth management office in the firm. The five-person team is made up of Paul E. Westphal, the group’s director, John W. Ethington, a certified public accountant and senior vice president and two financial advisors, Dan T. Gilipsky and Tyler R. Briggs. They collectively manage $160 million in client assets.
According to a statement from Baird, Westphal was the UBS manager for that firm’s Milwaukee office. Before that, he served as a complex manager for UBS [UBS] and Piper Jaffray, in southeastern Wisconsin.
Last week, Baird announced it opened an office in Charlotte with four advisors known as the Parrott, Forbes & Floyd Group, which manages more than $350 million in client assets. The group consists of Michael C. Parrott, senior vice president; two vice presidents Charles S. Forbes and Trea Floyd and advisor, James Bunting. They were formerly with Morgan Stanley Smith Barney, a joint venture between Morgan Stanley [MS] and Citigroup [C].
In a statement, Baird said it added more than 100 financial advisors to its private wealth management unit last year and another 34 advisors and branch managers since the beginning of this year. Baird’s advisors managed and oversaw more than $58 billion in client assets as of March 31.