Baird and McAdams Wright Ragen (MWR) have agreed to merge their offices in Portland later this year in a move to expand their presence in the market.
The new office is expected to include about 30 wealth management associates as well as 20 financial advisors. It will be headed by Rob Shick, senior vice president, branch manager, who currently leads MWR’s Portland office.
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Shick will also lead the office in addition to serving clients as a financial advisor, while David Perez, who led Baird’s Portland office, will serve clients as a Baird financial advisor in Portland.
Baird said that it already has public finance and fixed income institutional sales operations in Portland.
Michael Schroeder, president of Baird Private Wealth Management, said: "Combining Baird’s and MWR’s expertise and resources in Portland will strengthen our presence in this vital market, enabling us to build on the high level of service and financial expertise we offer our clients."
Recently, US-based Baird has completed its acquisition of McAdams Wright Ragen (MWR), a Seattle-based wealth management firm that oversees more than US$100bn in client assets.
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