Net revenue at Milwaukee-based Robert W. Baird & Co. Inc. increased 13% in 2020 to $2.33 billion, marking the 11th straight year the company has achieved record revenues. Operating income for the year also totaled a record $360 million for the employee-owned firm with a presence in wealth management, asset management, investment banking, capital markets
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The institutional equities and research team and Strategas, the company’s macro-economic research firm, both had record years.
Principal investments, including Baird’s private equity and strategic investment activities managed by Baird Capital, and Baird Principal Group both posted record results. Investment gains were driven by a rebound in market valuations and the performance of a diversified portfolio.
“Despite the challenges of 2020, Baird successfully held strong through the uncertainties,” Booth said. “Our strong culture and commitment to our clients and putting their needs first guided us through the year. This steadfast focus has been the cornerstone of how we do business since our founding in 1919.”