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Hilliard Lyons agrees to join Baird

Hilliard Lyons agrees to join Baird

Wyatt, Tarrant & Combs, LLP is pleased to congratulate Hilliard Lyons and Houchens Industries on the sale of Hilliard Lyons to RW Baird, an international wealth management firm.

Jim Allen, Chairman and CEO of Hilliard Lyons, said, “On every level, Baird is a great fit for our clients and for the Hilliard Lyons team.  Baird’s culture, values and business model align seamlessly with ours, and its reputation as a best place to work is unsurpassed in the industry.”

Steve Booth, President and CEO of Baird, spoke highly of Hilliard Lyons’ reputation and client-centric culture, as well as its long history of giving back to the community.

Hilliard Lyons’ top leadership will continue in their roles and work closely with Baird’s Private Wealth Management Leadership to ensure a smooth transition for the firm and its clients.  The transaction is expected to close in the first half of 2019.

Wyatt served as legal counsel to HL Financial Services, LLC and JP Morgan Securities, LLC served as exclusive financial advisor and provided a fairness opinion to the Board of HL Financial Services, LLC.

To read more about the transaction, click here.