Robert W. Baird & Co. has expanded its wealth management business nationally by hiring a new branch manager and six financial advisors previously handling $920 million in client assets.
Thomas J. Parkins has joined Baird as a vice president and non-producing branch manager in Kansas City, Mo. Parkins most recently served as principal and director of new business development at Kenilworth Asset Management, an independent registered investment advisor, in Chicago.
Parkins previously held various management roles after starting his career as a financial advisor. He has worked for firms including Chicago Investment Group, Lehman Brothers, Morgan Stanley & Co, Oppenheimer & Co. and Piper Jaffray.
At the same time, Baird has also hired three financial advisor teams in Sioux City, Iowa; Denver, Colo.; and Charlotte, N.C.
In Sioux City, David S. Silverberg and J. Jeff Pedersen join Baird as senior vice president and vice president, respectively, from Morgan Stanley Smith Barney. Together, they previously oversaw $100 million in client assets and had $965,000 in annual fees and commissions. They operate under the name Silverberg Pedersen Group.
In Denver, Dominic Capuano and Timothy M. Butler now each serve as senior vice president at Baird. They come from Charles Schwab & Co., and previously had $600 million in client assets under management and $5.5 million in annual fees and commissions. They operate under the name Capuano Butler Group.
In Charlotte, father and son team M. William “Bill” McCollum Jr. and W. Travis McCollum join as director and vice president, respectively. They join Baird from Wells Fargo Advisors, and previously oversaw $220 million in client assets and generated $1.4 million in annual fees and commissions. They operate under the name McCollum Group.
Baird has hired more than 200 financial advisors and branch managers in its private wealth management group since early 2009. In addition to wealth management, Baird’s international operations include asset management, capital markets and private equity.