Milwaukee-based Robert W. Baird & Co. Inc. has reached a new milestone with client assets exceeding $100 billion for the first time.
The milestone comes with Baird having posted record net revenues of $961 million in 2012, the international financial services firm’s third consecutive year of record revenues.
“That our clients entrust us with more than $100 billion in assets says a lot about the strong relationships we’ve created with them,” said Paul Purcell, Baird chairman, president and chief executive officer. “It tells us that our clients are confident we can help them protect and grow their assets and help them reach their financial goals.”
Being employee-owned and privately held has enabled Baird to make substantial investments in its business in order to best serve clients’ needs, the company said.
At the close of the first quarter of 2013, Baird recorded its 133rd consecutive quarter of operating profit.
“From our founding in Milwaukee more than 90 years ago, achieving $100 billion in client assets is compelling evidence of our ability to meet clients’ needs,” said Steve Booth, Baird chief operating officer and director of investment banking. “Our clients and Baird associates understand that continued success comes from building trusted relationships. This achievement is a clear indication of the trust clients have placed in Baird over time.”