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Baird posts record net revenues for sixth year in a row


Employee-owned wealth management, capital markets, private equity and asset management firm Baird has posted record net revenues of USD1.3 billion in 2015, a 7 per cent increase over 2014, despite choppy markets and slow economic growth. 

Operating income totalled a record USD154 million, up 14 per cent from a year ago, and the firm’s 2015 return on book value, including a cash dividend paid to shareholders, was 13.2 per cent. Baird’s assets in client accounts grew to USD151 billion, an 83 per cent increase over the past five years. The 2015 results, which are available in the 2015 Baird Annual Report, mark the firm’s sixth consecutive year of record revenues.
“Baird’s platform of five complementary businesses has proven to be a durable model that has delivered strong results through multiple market cycles,” says Steve Booth, Baird President & CEO. “Additionally, our employee-owned model is a powerful advantage that gives us the ability to address our clients’ evolving needs and to help them succeed in an uncertain world.”
Baird’s balanced approach has allowed the firm to produce 144 consecutive quarters of operating profitability. Employment at Baird has increased 26 percent over the past five years while the rest of the financial services industry grew by approximately 8 per cent during the same time period.

“Since we opened our doors in 1919, Baird has worked hard to build powerful partnerships with our clients, our associates and our communities,” says Paul Purcell (pictured), Baird Chairman. “We know that a strong, dependable partner is essential in navigating uncertain times and we are deeply committed to providing our clients with honest insights, reliable service and a long-term view that can help them manage the increasing complexity of today’s environment.”

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