Profits and advisor ranks are growing fast at Baird.

The Milwaukee-based firm reported record operating income of $135 million for 2014, up 15% year-over-year, according to the firm's annual report. Baird also said that advisor headcount  jumped by more than 100 to 816 advisors, boosted in large part by the firm's acquisition of Seattle-based broker-dealer McAdams Wright Ragen early last year.

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