As of Oct. 19, Hilliard Lyons has now merged into Baird, employee-owned, international wealth management, asset management, investment banking/capital markets, and private equity firm, and assumed the Baird name. All of Hilliard Lyons’ financial advisors and associates are now a part of Baird. The trust business remains a separate wholly-owned subsidiary called Hilliard Lyons Trust Company, A Baird Company.
Baird was established in 1919 and is celebrating its 100th anniversary this year. Today the firm has approximately 4,500 associates with client assets exceeding $285 billion, and more than 1,300 financial advisors serving clients in over 160 locations in 33 states.
As a result of the merger, the largest in Baird’s history, Baird’s geographic reach, and offerings in wealth management, investment banking, and public finance are stronger than ever. The addition of Hilliard Lyons Trust Company enhances Baird’s wealth management capabilities and positions the firm for further growth in the future.
“To welcome Hilliard Lyons’ associates and clients to the Baird family during our 100th anniversary year is a tremendous achievement that brings all of us great pride,” said Steve Booth, Baird President & CEO. “We are excited to build on Hilliard Lyons’ strong culture and long legacy of exceptional client service look to a very bright future as a unified firm.”
Hilliard Lyons and Baird share a long-standing tradition of giving back to the communities where their associates live and work. The now-combined firms and their associates support a variety of service, cultural, health, and education-related organizations. In 2018, Baird Foundation provided more than $4.1 million in support to charitable organizations.