Baird Financial Group, the holding company of Robert W. Baird & Co, boosted its financial adviser force by 85 brokers, a more than 10 percent increase, with the acquisition of Seattle-based investment firm McAdams Wright Ragen, Inc on Tuesday. The deal, which was first announced in April and finalized on Tuesday, raises Baird's overall headcount to 810 brokers as all the advisers agreed to join Baird, Paul Purcell, Baird chairman and chief executive officer, said.McAdams Wright Ragen's (MWR) seven offices in Washington state and Oregon will continue to operate on their current platform until Nov. 8, when they will transfer the firm's $10 billion in client assets under management to the Baird platform.The seven MWR offices give Milwaukee-based Baird an entree into the Pacific Northwest marketplace, home to the headquarters of Amazon.com Inc, Starbucks Corp and Nordstrom Inc.MWR caters to high net worth clients who average $1 million to $5 million in investable assets.
Amazon.com, Inc. (Amazon.com) serves consumers through its retail websites and focus on selection, price, and convenience. Shares of AMZN traded higher by 0.14% or $0.46/share to $332.85. In the past year, the shares have traded as low as $279.33 and as high as $408.06. On average, 4650790 shares of AMZN exchange hands on a given day and today's volume is recorded at 2680147.
Nordstrom, Inc. is a fashion specialty retailer. As of March 18, 2013, the Company operates 242 United States stores located in 31 states, as well as an e-commerce business through nordstrom. Shares of JWN fell by 0.15% or $-0.1/share to $68.59. In the past year, the shares have traded as low as $54.90 and as high as $70.71. On average, 1454800 shares of JWN exchange hands on a given day and today's volume is recorded at 1081878.
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