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Baird Financial Group acquires Seattle investment firm | Washington offices to experience growth include Bellevue
The Baird Financial Group closed its acquisition Tuesday of Seattle investment firm McAdams Wright Ragen, Inc., whose client assets are valued at $10 billion and include offices in Bellevue, Anacortes, Mount Vernon, Yakima and Spokane.
“We couldn’t be more pleased to welcome McAdams Wright Ragen’s associates and clients to the Baird family, and to expand our presence in the Pacific Northwest,” said Paul E. Purcell, Baird chairman and CEO, in a statement. “This is a great day for both of our firms.”
A spokesman for the wealth management firm tells the Reporter that MWR will be fully integrated on Baird's operational platform in November, at which time the unified company will be Baird. He added Baird anticipates growing its newly acquired Washington offices.
Baird, based in Milwaukee, Wis., now reports $125 billion in client assets and more than 3,000 associates in more than 100 locations in the United States, Europe and Asia.