Robert W. Baird & Co. Incorporated: Company Research Report

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Company Overview

• Name: Robert W. Baird & Co. Incorporated.

• Mission: Committed to improving lives and futures for clients, associates, and communities.

• Founded: 1919

• Founder: Robert Wilson Baird

• Key People:

• Steven Booth, Chairman & CEO

• James R. Allen, CFA, Vice Chair

• Timothy Byrne, CFA, Chief Information Officer

• Erik Dahlberg, President of PWM

• Others as listed in leadership

• Headquarters: Milwaukee, Wisconsin

• Number of Employees: Approximately 5,100

• Revenue: $2.79 billion in 2023

• What is the company known for: Wealth management, asset management, investment banking, capital markets, and private equity.

Products

• Private Wealth Management: Investment and financial planning expertise.

• Asset Management: High-quality fixed income and equity investment products.

• Global Investment Banking: Advisory and financing services.

• Institutional Equities & Research: Equity research, investor conferences, and sales and trading.

• Fixed Income Capital Markets: Bond market research and services like loan evaluation.

• Baird Aggregate Bond Fund (BAGIX): Featured in Morningstar’s list of top-performing Core Bond funds.

Recent Developments

• M&A Activity:

• 2025 predictions indicate an increase in M&A deals with a strong pipeline and improved market conditions.

• Baird’s Global Investment Banking expects more focus on liquidity events and capital deployments.

• Partnerships and Integrations:

• Joint venture between Investec Bank and Ares, among others, to provide NAV loans in Europe.

• Employee Recognition:

• Named one of the Fortune 100 Best Companies to Work For, ranking 34th in 2024, marking the 21st consecutive year of inclusion.

• Received 100% score on the Human Rights Campaign Foundation’s Corporate Equality Index 2023.

Recent Developments in Products and Markets

• Baird Capital’s 2024 Activity: Deployed over $50 million in new and follow-on capital, generating $200 million in investment proceeds.

• Talent Investments:

• New hires across different sectors and promotions to enhance capacity and sector expertise.

• Market Strategy:

• Focused on enhancing investment in B2B Tech & Services.

• Preparing mature companies for potential exits in the coming year.

New Features and Services

• Inclusive Leadership Course: For enhancing hiring practices and inclusive work culture.

• Continued Emphasis on Investor Relations: Strong market positioning through partnerships and capital raising, particularly in equity markets.

• Job Expansion: Added veteran teams and new offices, such as the wealth management office in Danvers.

• Fundraising and Financial Services:

• Ongoing development in private equity fundraising and addressing fund size challenges in the European markets.

Accolades

• Awards and Recognitions:

• 2023 "Deal of the Year" by The Bond Buyer.

• High ranks in various industry sectors for performance and work culture.

• Community Involvement:

• ANSEP Partnership with the University of Alaska Anchorage to support indigenous students' careers in financial services.

Robert W. Baird & Co’s longstanding commitment to integrity, client satisfaction, and inclusive practices set it as a leader in the financial services landscape. The firm’s strategies for growth and market repositioning in 2025 aim to further reinforce its place in both domestic and international markets.