Baird to merge with Seattle’s McAdams Wright Ragen

Special to The Freeman

April 9, 2014

MILWAUKEE – Baird and McAdams Wright Ragen, Inc. announced Wednesday that the companies have signed a definitive agreement to merge the Seattle-based company with Baird in order to create an international, employee-owned wealth management, capital markets, private equity and asset management firm with more than $100 billion in client assets.
 
MWR, a majority employee-owned investment firm headquartered in Seattle, offers investment advisory, brokerage, equity research, bond and equity trading, asset management, institutional sales, and investment banking through seven offices in the Pacific Northwest, according to the announcement. Terms of the deal, which is subject to customary regulatory approvals, were not disclosed.

McAdams Wright Ragen has 180 employees including more than 85 financial advisors managing and overseeing over $10 billion in assets. Baird, which was established in 1919, has more than 2,900 associates including more than 725 financial advisors, working from more than 100 locations in the U.S., Europe and Asia.

“McAdams Wright Ragen is a well-established and highly respected firm with a business model and client-focused culture that are very consistent with Baird’s approach,” said Paul Purcell, Baird chairman and chief executive officer, in a statement.

“We’ve known and respected the firm, which is led by Brooks Ragen, chairman, and Scott McAdams, president and CEO, for a number of years. Taking this important step enables MWR to enhance the services and capabilities it offers its clients, and positions Baird to expand our current footprint in the Pacific Northwest. We couldn’t be more pleased to welcome MWR to the Baird family.”

www.rwbaird.com