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Robert W. Baird to merge with Seattle company

Financial services firms Robert W. Baird & Co. and McAdams Wright Ragen Inc. have agreed to merge, extending Baird’s reach into the Pacific Northwest.

Milwaukee-based Baird, which has operations in Chicago, employs more than 2,900 people across the United States, Europe and Asia. Baird manages more than $100 billion in client assets. Seattle-based McAdams Wright Ragen has 180 employees and six offices in Washington state and one in Portland, Oregon. It manages more than $10 billion in client assets.

“McAdams Wright Ragen is a well-established and highly respected firm with a business model and client-focused culture that are very consistent with Baird’s approach,” Baird chairman and CEO Paul Purcell said in a prepared statement.

Terms of the merger weren’t disclosed.