Baird hired six wealth management pros, including four advisors, to its Boulder, Col., office.
The new advisors, known as The Boulder Group, collectively oversee nearly $450 million in client assets, the company said. Trailing-12 production is in the $1.5 million to $2 million range, the firm said.
The four advisors are: John C. Frisbie, senior vice president; John Bickel, vice president; Lee Carlin; and Roger Cracraft. Previously, Frisbie, Carlin and Cracraft were advisors at Morgan Stanley Smith Barney. Carlin and Cracraft each have more than 20 years of experience, while Frisbie brings more than 10 years of experience to the advisor role. Bickel came from KCCI, Ltd.
The other two to join the Boulder office are Nancy K. Crume, registered client relationship specialist, and Juli Loch, administrative office manager.
“We are very pleased to welcome The Boulder Group to Baird,” said Steve Binder, senior vice president and Colorado Market Director for Baird’s Private Wealth Management group. “These well-respected and talented financial professionals are a great addition to the firm and will be instrumental in helping us expand our wealth management presence in Boulder, Denver and the rest of the state.”
Erik Dahlberg, managing director and regional director for Baird’s Private Wealth Management group added: “Adding these six professionals demonstrates Baird’s commitment to Boulder and the rest of the region. We are excited about our continued expansion in Colorado and remain dedicated to providing the best financial advice to clients in the area.”
With the addition of the six professionals, the number of associates working from Baird’s Boulder wealth management office more than doubles. Firm-wide, it has been on a hiring spree this year, adding 53 advisors and branch managers since the beginning of 2010.
Its recent additions include eight new advisors and two branch managers from Morgan Stanley Smith Barney to support new offices in Charleston, S.C., and Fort Worth, Texas area. And previously, it had been reported that Baird is continuing its expansion in northern California. The brokerage currently operates six offices in the region, two equity and fixed income capital markets offices in San Francisco, an investment banking office in Palo Alto, and three wealth management offices in the greater Sacramento area, the company said. Since 2007, Baird has added a number of senior level associates in the Bay Area including a new co-head of equity capital markets, equity research associates, and equity traders.