Robert W. Baird & Co. has gone on a shopping spree, snapping up 12 financial advisors who boast a previous total of $1.93 billion in client assets under management.

In Boulder, Colo., Shawn B. Smith and Will Norris—the Smith Norris Group—join from Charles Schwab, where they oversaw $640 million in client assets. Smith now serves as branch manager and senior vice president, while Norris serves as senior vice president and financial advisor.

In Denver, Colo., a four-member team joins from Morgan Stanley Smith Barney. The team, made up of John “Jack” Robinson, Scott Young, Martin “Coley” Hoffman, and Brian T. Robinson, operates under the name RHY Group. The four men previously had $350 million in client assets under management. Robinson now serves as senior vice president, while Young and Hoffman both serve as vice presidents.

In Sarasota, Fla., Paul Buskey and Jane McGinty of the Buskey McGinty Group join from Wells Fargo Advisors, where they previously oversaw $265 million in client assets. Buskey now serves as managing director, while McGinty serves as senior vice president.

In Raleigh, N.C., John H. Allman and Frances Bobbie join as senior vice president and vice president, respectively, from Morgan Stanley Smith Barney. Together, they previously oversaw $150 million in client assets.

Baird’s individual financial advisor hires include managing director Scott Woods in Sarasota, Fla., who was previously with Wells Fargo Advisors in Durango, Colo.; and director John Duguid in Charlotte, N.C., from Morgan Stanley Smith Barney. Woods previously oversaw $390 million in client assets, while Duguid had $135 million in client assets under management.

Lorie Konish writes for On Wall Street.