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

October 2, 2024
SEC Charges Two South Florida Men for Defrauding Venezuelan-American Investors in $5 Million Scheme

The Securities and Exchange Commission (SEC) has filed a complaint against two South Florida men, Francisco Javier Malave Hernandez and Ricardo Javier Guerra Farias, for orchestrating a multi-million dollar investment fraud that targeted members of the Venezuelan-American community.

October 1, 2024
California Advisor Suspended and Fined for Churning Client Accounts

A veteran advisor in Santa Maria, California, Stewart "Paxton" Ginn, has been suspended for 18 months and fined $50,000 by FINRA, according to AdvisorHub

September 30, 2024
Bank of America and Merrill Lynch Settle with FINRA for Supervisory Failures

Bank of America and its subsidiary, Merrill Lynch, have agreed to a $3 million fine and censure as part of a settlement with FINRA over long-term supervisory failures.