Baird Financial Group: Company Market Research Report
Company Overview
Name: Baird Financial Group
Mission of the Company
We aim to serve with kindness, fairness, and compassion. Our philosophy has privileged us to serve over 2,000 physicians throughout the United States over the last twenty plus years.
Founded
No information is available.
Founders
No information is available.
Key People
- Gary Baird Jr. - Founder & Owner
- Amanda Koudaih - Administrator & Licensed Agent
- Lisa Shedden - Client Liaison
- Henry Roberts - IT Admin & Research
Headquarters
Two Turtle Creek, 3838 Oak Lawn Avenue, Ste. 820, Dallas.
Number of Employees
No information is available.
Revenue
No information is available.
Known For
Baird Financial Group is known for providing comprehensive financial services, especially in the field of disability income insurance for medical professionals.
Products
Disability Insurance
High-level Description:
Disability insurance replaces a portion of lost income if a debilitating injury or chronic illness prevents a practitioner from working.
Key Features:
- Own Occupation Disability Insurance: Full benefits are payable if unable to work in a medical specialty, even if working in a different occupation.
- Own Occupation Not Engaged Insurance: Full benefits payable while not working in a different occupation; adjusted benefits if working in a different occupation.
- Limited Own Occupation: Full benefits for a limited period, after which benefits require the inability to work in any generally suitable occupation.
Life Insurance
High-level Description:
Life insurance ensures financial security to the insured's beneficiaries in the event of their death.
Annuities
High-level Description:
Annuities offer a series of payments made at equal intervals, great for retirement plans.
Long Term Care
High-level Description:
Long term care insurance helps cover the cost of care in a long-term care setting.
Critical Illness Insurance
High-level Description:
Provides a lump sum payment upon the diagnosis of a specified critical illness.
Office Overhead Insurance
High-level Description:
Covers business overhead expenses when a business owner is unable to work due to a disability.
Key Features:
- Covers rent, utilities, equipment payments, salaries, etc.
- Keeps business operational while the owner recovers.
- Premiums are tax-deductible as an ordinary business expense.
Financial Services
High-level Description:
Offering a range of financial products including stocks, bonds, IRAs, mutual funds, alternative investments, etc.
Key Features:
- Common Stock: Unit of ownership with potential for dividends and capital gains.
- Preferred Stock: Priority over common stock in earnings and liquidation, typically paying fixed dividends.
- Bonds: Fixed-income instruments representing a loan by an investor to a borrower.
- IRA: Individual retirement accounts with potential tax advantages.
- Mutual Funds: Investment programs funded by shareholders, trading in diversified holdings.
- Alternative Investments: Non-traditional investments like private equity, hedge funds, etc.
Recent Developments
New Products Launched
1. Disability Insurance with New CATASTROPHIC DISABILITY BENEFIT RIDER
2. Disease-Specific Disability Riders
New Features Added to Existing Products
- Ameritas' COBRA Premium Benefit: Added benefit for physician disability insurance.
- Good Health Benefit: Additional options for healthier individuals.
New Partnerships
- Earned and secured unmatched discounts from several leading insurance carriers.
- Granted proprietary discounts through various medical associations, saving physicians between 25% and 50% from standard insurance premiums.
Conclusion
This comprehensive market research report on Baird Financial Group delineates their specialization in disability insurance and financial services aimed primarily at medical professionals. The company emphasizes personalized service tailored to meet the unique financial needs of its clients, ensuring appropriate allocation of premiums and investment dollars. Notable recent developments include new product launches and strategic partnerships that have significantly enhanced the value proposition for their clientele.
