MILWAUKEE – Oct. 14, 2021 – Employee-owned international financial services firm Baird today shared leadership changes within the firm’s Private Wealth Management (PWM) business that will be in effect on Jan. 1, 2022. Current President of PWM, Mike Schroeder, will take on the new role of Chairman of PWM, while Erik Dahlberg, current Executive Director, will become President of PWM.
“Under Mike and Erik’s tremendous leadership, PWM has dramatically expanded its capabilities and the value brought to clients which, in turn, has fostered remarkable growth,” commented Steve Booth, Baird Chairman, President & CEO. “These strong results can be attributed to an unrivaled leadership team, specialized expertise, and a laser focus on client service.”
Dahlberg started at Baird as a financial advisor and went on to showcase his skills as Regional Director. In 2012, he moved to Milwaukee to lead the Southeastern Wis. market, where he also served as Branch Manager. Since becoming Executive Director in 2016, Dahlberg has overseen PWM’s entire branch network of more than 2,500 associates. As Dahlberg becomes PWM President, he will expand his responsibilities to help further enhance branch leadership, progress Baird’s Wealth Management strategy, and increase the firm’s competitive advantage.
“While we may have new titles, Mike and I have been working side by side for more than 15 years,” said Dahlberg. “That partnership and continuity – for both associates and clients – will continue. I am incredibly proud of all we’ve accomplished together, and I’m excited for all that’s ahead for us and the business.”
Schroeder recently celebrated his 35th anniversary at the firm where he started his career as a financial advisor. He has held the position of PWM President since 2001 and has been instrumental in growing the business from 775 advisors to more than 1,300 coast-to-coast, and revenues growing from $291 million to more than $1.3 billion this year. In his upcoming new role as PWM Chairman, Schroeder will primarily focus on looking at strategic opportunities for continued growth, recruiting and retaining top advisor talent, and further developing leaders.
“The future of our PWM business has never been brighter,” added Schroeder. “No matter the leader, our values remain true to the ‘The Baird Way’ and our mission remains steadfast: To provide the best financial advice and service to our clients and be the best place to work for our associates.”
Baird’s Private Wealth Management business encompasses more than 1,300 financial advisors serving clients from over 160 locations in 33 states and has client assets of more than $239 billion.
Baird is an employee-owned, international wealth management, asset management, investment banking/capital markets, and private equity firm with offices in the United States, Europe and Asia. Established in 1919, Baird has approximately 4,600 associates serving the needs of individual, corporate, institutional and municipal clients. Baird has more than $355 billion in client assets as of December 31, 2020. Committed to being a great place to work, Baird ranked No. 32 on the Fortune 100 Best Companies to Work For® list in 2021 – its 18h consecutive year on the list. Baird is the marketing name of Baird Financial Group. Baird’s principal operating subsidiaries are Robert W. Baird & Co. Incorporated and Baird Trust Company in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit Baird’s website at www.rwbaird.com.
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