Baird expands mid-Atlantic presence

International Financial Services Firm Opens Second Greater Washington, D.C., Area Office

MILWAUKEE, July 26, 2007 – Baird, an international employee-owned financial services firm and one of the FORTUNE 100 Best Companies to Work for®, has opened its second greater Washington, D.C., area office in Reston, Va. The new office, located in the Reston Town Center, 11951 Freedom Drive, Suite 1400, will initially house a Private Wealth Management Financial Advisor team and a Fixed Income Institutional Sales group.

The office will complement the investment banking and research services offered by Baird’s office in McLean, Va., which opened in 2004. The two offices will expand Baird’s presence in the area to more than 40 associates.

“Our second office in the greater Washington, D.C., area further solidifies Baird’s presence in the Mid-Atlantic region,” said Paul Purcell, Baird Chairman, President & CEO. “This strategic expansion brings Baird’s broad array of services closer to current and prospective clients, and to talented professionals interested in joining Baird.”

“The Mid-Atlantic region represents tremendous opportunity for us, and we are thrilled to welcome this seasoned Financial Advisor team to Baird,” said Mike Schroeder, Director of Private Wealth Management. “The team has earned the loyalty and trust of their clients by providing straightforward financial advice and exceptional service. Their business model is very compatible with Baird’s client-focused culture.”

Members of the team, including Financial Advisors (some of whom are Certified Financial Planner™ professionals), Analysts and Client Relationship Specialists, specialize in investment management, financial planning and client service. The team provides investment management services for individuals, employee retirement plans and endowments.

“We built our practice on the principle that we want to put our clients’ interests first,” said Randy Beeman, Senior Vice President, Financial Advisor and co-founder of the team. “Our high-net-worth clients are looking for sophisticated investment alternatives and have higher demands in terms of service. Joining Baird allows us to offer them a platform of enhanced products and services that we couldn’t before.”

Beeman and other team members host a syndicated radio program, the Wise Investor Show, that airs Sunday morning in Washington, D.C., San Diego, Las Vegas and Charlotte, N.C.

About Baird Private Wealth Management

Using a consultative approach, Baird’s approximately 600 Financial Advisors deliver unique wealth management solutions to clients nationwide. They have the resources to oversee the complete financial picture for wealthy families and individuals, endowments and other institutions, employing innovative strategies that address complex financial issues as well as family and philanthropic interests.

Today’s high-net-worth individuals and families are looking for a comprehensive approach to managing their investments. Baird Financial Advisors serve as personal wealth managers, often advising clients on asset allocation strategies, asset management, charitable gifting, retirement income planning, and other family needs.

Leveraging a network of specialists, Baird Financial Advisors also work closely with business owners and corporate clients to address the specific needs of corporate executives, benefit coordinators and those in need of business transition planning.

About Baird

Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has nearly 2,200 associates serving the needs of individual, corporate, institutional and municipal clients. Baird oversees and manages client assets of nearly $73 billion. Committed to being a great place to work, Baird was recognized as one of the FORTUNE 100 Best Companies to Work For® in 2004, 2005, 2006 and 2007. Baird’s principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s private equity operations. For more information, please visit Baird’s Web site at