Robert W. Baird Acquires Rival Hilliard Lyons

Posted on December 4th, 2018 at 9:26 AM
Robert W. Baird Acquires Rival Hilliard Lyons

From the Desk of Jim Eccleston at Eccleston Law LLC:

Robert W. Baird has announced that it has acquired Louisville, Kentucky-based Hilliard Lyons Brokerage along with Hilliard Lyons Trust Co.

In its acquisition, Baird will add 380 advisors, $50 billion in client assets and will expand its presence in the southeastern portion of the United States.

Hilliard Lyons which was founded in 1854, has had a long history in the Southeast. Currently, Hilliard Lyons has 70 branches in 12 states in the Southeast and had recently opened up a new office in Asheville, North Carolina.

Recently, similar acquisitions like Baird’s purchase of Hilliard Lyons have occurred within the industry because firms recognize that having a larger presence will help them cope with high regulatory and technology costs.

Although the terms of the deal have not yet been disclosed, the firms are expected to complete the transition in the second half of 2019.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

 

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, robert w. baird, hilliard lyons

Return to Archive

TESTIMONIALS

Previous
Next

Thank you so very much for your guidance, patience, and expertise.

Beth and Steve K.

LATEST NEWS AND ARTICLES

July 26, 2024
Kentucky Advisor Sues LPL Financial for Alleged Corporate Raid

A Kentucky advisor, Mark Lamkin, has filed a lawsuit against LPL Financial, claiming the independent broker-dealer orchestrated a corporate raid that resulted in the loss of his firm’s entire book of managed assets.

July 25, 2024
FINRA Plans Fee Increases Amid Rising Costs and Losses

The Financial Industry Regulatory Authority (FINRA) has announced plans to raise fees for its approximately 3,300 broker-dealer member firms. According to AdvisorHub, the self-regulator faces soaring costs, as detailed in its annual report published at the end of June.

July 24, 2024
Raymond James Settles with Oregon Over Excessive Commissions

Raymond James recently settled a case with Oregon's Division of Financial Regulation (“DFR”), agreeing to pay nearly $200,000 over allegations of charging excessive commissions to retail investors.