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Baird is buying M. Griffith, a small wealth management firm in upstate New York that has a dozen advisors overseeing $2 billion in client assets, the company announced.
The move expands Baird's presence in the Northeast and continues the firm's tradition of selective acquisitions and hires. Last month, Baird recruited three teams that managed approximately $880 million in client assets. And in January, the Milwaukee-based brokerage firm hired John Taft as vice chairman to help spur growth. Taft previously served as CEO of RBC Wealth Management-U.S.
Terms of the deal to acquire...