Robert W. Baird & Co. Incorporated (Milwaukee)

Robert W. Baird & Co. Incorporated provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, educational seminars and workshops, and non-discretionary invstmnt advice/institl conslting/ non-discretionary mdl portfolios/mutual fnd & etf asset allocation programs. It prepares financial plans for approximately 17,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Robert W. Baird & Co. Incorporated: assets under management

The assets under management (AUM) of Robert W. Baird & Co. Incorporated is $140.26 billion. The firm's AUM has grown by 1597% since the beginning of its operation, and $237.09 million of the total AUM is attributable to clients outside of the United States.

The firm manages $102.93 billion in discretionary accounts and $37.33 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.27 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $493.06 thousand.

Robert W. Baird & Co. Incorporated has custody of $61.2 billion in cash and securities for 102,692 clients in total and acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 42% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in government bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Robert W. Baird & Co. Incorporated for their services and products based on a percentage of assets under management, hourly charges, fixed fees, commissions, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Patrick Steven Lawton serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Patrick Steven Lawton is investment companies with 18 clients and $50.69 billion of assets under management. Among the 10 most similar advisory firms, Robert W. Baird & Co. Incorporated has the 5th lowest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $137.11 billion for 99,805 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Robert W. Baird & Co. Incorporated also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $50,000,000 for each fund.

Careers at Robert W. Baird & Co. Incorporated

The company employs 2,622 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 1,575 employees are registered as investment adviser representatives with the state securities authorities.

There are 41 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Patrick Steven Lawton has been acting as President since 1 May 2004. Laura K Thurow joined the executive team most recently as the Chief Operations Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 4 indirect owners.

Based in Milwaukee

The principal office where Robert W. Baird & Co. Incorporated performs its advisory services is located at 777 E. Wisconsin Avenue, Milwaukee, WI 53202 5391, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 414-765-3500 or by fax 414-298-7800. The normal business hours are 8:00 a.m. to 5:00 p.m. central on Monday - Friday. You can find more information about the New York firm at rwbaird.com.

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