An important business merger will affect one of the most famous investment banks in Wisconsin, Robert W. Baird & Co. The bank issued a public statement that it has completed a merger agreement with with McAdams Wright Ragen Inc., an out-of-state investment advisory firm that touts over $10 billion in actively managed assets. Both firms expressed their pleasure in reaching the merger agreement and stated that the similarity of their corporate strategy would allow the two businesses to mesh well together.
McAdams Wright Ragen provides a variety of investment services to its customer base, including investment advice, equity research, stock and bond trading and other asset management services. Its offices are based in the northwestern United States where it employs 180 people. In comparison, Baird employs over 2,900 people and has over $100 billion in actively managed assets.