Training Example: Baird (RWBaird Corporate) – Review the Data, Give Your Score & Compare to the Real AI Evaluation

[H1] Baird

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All That Matters: The Next Bear Market

Ross Mayfield and Mike Antonelli discuss what the end of the bull run might look like

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Juneteenth is a day that invites reflection and appreciation for the people and history that shape who we are. Our U.S. offices are closed on June 19 in observance of this federal holiday.

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Jeremy Duksin Featured on Secondaries Investor’s Second Thoughts Podcast
The GP Solutions Co-Head details current market trends related to infrastructure secondaries in an evolving landscape.

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Everything You Need To Know About Trump Accounts
Trump Accounts, a new investment vehicle for minors, are launching this July. Here’s what we know so far.

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Protect Yourself From Impersonation Scams

[H2] Serving Your Financial Needs
Baird’s financial advice and services include Private Wealth Management, Asset Management, Global Investment Banking, Capital Markets and Private Equity. Our clients include individuals, families, communities, small businesses and foundations across the United States, and corporations and institutional investors around the world.

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Asset Management
Our portfolio managers employ time tested processes to deliver performance while controlling risk across market environments.

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Global Investment Banking
Our focused sector teams on three continents operate on a single P&L statement, driving a higher level of collaboration and teamwork for our clients.

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Fixed Income Capital Markets
Providing fixed income solutions, market insights, and execution for institutional and public sector clients.

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Equity Capital Markets
Our global research, sales, trading and corporate access platform is nationally recognized for the quality of our insights, execution and connections.

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Private Wealth Management
As employee owners, our Advisors have a personal stake in ensuring clients can be confident their decisions position them for the future they envision.

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Baird Trust
Our experienced, intergenerational professionals can help ensure the legacy you want through comprehensive solutions tailored to your needs

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Baird Capital
Our Venture and Private Equity teams operate on one global platform – sharing ideas, driving value to help companies grow into world class businesses.

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[H2] Invested in Our Community

We are honored to share our name with the Baird Center, Wisconsin’s largest event and meeting venue, and excited to help welcome businesses and organizations from around the world to our hometown!
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2025 Baird Annual Report
Discover how the timeless values and core beliefs we call The Baird Way enabled great financial outcomes for our clients, our associates and the communities we share.

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[H2] Financial Strength and Long-Term Stability
Since our founding in 1919, Baird has remained a source of stability, consistency and financial strength for clients across changing and uncertain market environments. We have steadily reinvested in our expertise and technology to best serve their evolving needs – even in times when other firms were forced to scale back.
We focus in areas where clients want our advice and where we know we can serve them well. That’s how we became one of the largest employee-owned financial services firms in the United States. Our strategic mix of cyclical and countercyclical businesses, combined with conservative management and responsible use of debt, help ensure we’ll always be here for clients, providing the advice they want when they need it most, whatever the future brings.

A Measure of Trust: Nearly$ 560 BILLION in Client Assets4
Discover Why Clients Choose Baird

More Than$ 3.8 BILLION in Annual Revenues
Read Our 2024 Annual Report

Consistently Profitable for Over41 CONSECUTIVEYEARS
Discover the Strength of Baird

[H2] Independence Drives Unwavering Focus
Being privately held and employee-owned aligns our interests with what's best for our clients and associates. Because it's our firm, we are free to think, plan and invest for the long term, without unnecessary distractions or short-term pressures from outside shareholders. It’s how we keep clients first – always.
Approximately 81% of our more than 5400 associates at all levels of the firm are shareholders. Collectively, our Executive Committee owns less than 10% of total shares. This makes us truly employee-owned and gives all of us a meaningful voice in the way we do business. We prioritize reinvestment in the people and resources we need to serve clients best because we know our success depends on theirs. And we act like our own resources and reputation are on the line every day – because we value our clients’ and associates’ trust above all else.

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[IMG: A group of Baird associates volunteering at a nature center]

[H2] Exceptional People Bound by Shared Values

Consistent recognition as a great workplace – including 23 consecutive years among the FORTUNE 100 Best Companies to Work For® – helps us attract some of the most talented people in our industry and lets us focus on hiring those who share our cultural values. This ensures the best advice and service are provided with our clients’ best interests in mind.

The importance of teamwork to all we do requires mutual appreciation for each other’s complementary backgrounds, perspectives and skills. This leads to exceptionally low turnover compared to our industry. Many stay their entire careers, helping ensure continuity in the advice our clients rely on and the quality service they deserve.

Shared Values: The Baird WayConsistent Recognition as a Great WorkplaceUnique Perspectives: Finance for the Greater Good

[H2] Expertise Enhanced by Extraordinary Teamwork
Each of Baird’s businesses has earned national and industry recognition for the quality of our advice and expertise. Our uniquely collaborative culture fosters extraordinary teamwork, including sharing insights, ideas and resources to the benefit of clients around the world. Because, as employee owners, we all have a meaningful stake in ensuring the best possible outcomes for our clients. Recent highlights include:

Gold Morningstar Medalist Ratings for four of the Baird Funds.1
Analyst Driven: 100%Data Driven: 100%
Aggregate Bond Fund (2/5/2025)Core Plus Bond Fund (2/4/2025)Short-Term Bond Fund (2/5/2025)Ultra Short Bond Fund (2/5/2025)

Top 5% rankings for 10 Senior Equity Research Analysts from TipRanks, with an additional six analysts among the top 10% 2

No.1 Municipal Bond Underwriter in the U.S. by number of issues since 2009 3

1Morningstar Medalist Ratings™ as of December 5, 2025. Morningstar individual fund ratings are as of December 31, 2024. All ratings are representative of the Institutional share class.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics
Analyst Rating is the summary expression of Morningstar's forward-looking analysis of a fund. Morningstar analysts assign the ratings on a five-tier scale with three positive ratings of Gold, Silver, and Bronze, a Neutral rating, and a Negative rating. The Analyst Rating is based on the analyst's conviction in the fund's ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term. If a fund receives a positive rating of Gold, Silver, or Bronze, it means Morningstar analysts think highly of the fund and expect it to outperform over a full market cycle of at least five years. The Analyst Rating is not a market call, and it is not meant to replace investors' due-diligence process. It cannot assess whether a fund is the right fit for a particular portfolio and risk tolerance. Morningstar evaluates funds based on five key pillars--Process, Performance, People, Parent, and Price. Analysts assign a rating of Positive, Neutral, or Negative to each pillar. Analyst Rating Scale - Gold: Best-of-breed fund that distinguishes itself across the five pillars and has garnered the analysts' highest level of conviction. Silver: Fund with advantages that outweigh the disadvantages across the five pillars and with sufficient level of analyst conviction to warrant a positive rating. Bronze: Fund with notable advantages across several, but perhaps not all, of the five pillars. Analyst Ratings are reevaluated at least every 14 months.
Past Performance is no guarantee of future results.
©2025 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
2As of 1/7/26
3Source: S&P Global Market Intelligence Muni Deal Query as of December 31, 2025. Does not include Private Placements or Notes
4Client assets include brokerage and advisory client assets

[H2] Expertise
Baird works with both large and small public and private entities – including municipalities, school districts charter schools, states, state and local government agencies and authorities as well as nonprofits, developers and colleges and universities – to create custom financial plans, manage debt and access funding via the public market or alternative sources to meet their long-term financial goals.

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Charter Schools

Providing custom financial solutions to charter schools across the country since 2003.

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Higher Education
Partnering with colleges and universities to address funding challenges and prepare for the future.

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K–12 and Independent School Districts
Collaborating with district administration to support the unique needs of your district.

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Municipalities and Counties
Delivering guidance and solutions to overcome the financial demands facing your community.

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Special Districts
Combining long-standing relationships and focused expertise to create tailored solutions for special districts.

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Transportation
Assisting port authorities, airports and departments of transportation to secure long-term financing needs.

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[H2] Our People

Baird’s Public Finance team is grounded in deep expertise and exemplary client service. Our centralized resource teams provide our banking teams with the tools and support necessary to best serve our clients.
LEARN MORE ABOUT OUR PLATFORM

[H2] Careers
We're committed to attracting and retaining the best talent in our industry. Learn more about careers at Baird and our commitment to being a great place to work.
LEARN MORE

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Did you know Baird Fixed Income Capital Markets is on LinkedIn?

Connect with Baird Fixed Income Capital Markets to stay up to date on important information, including transactions, new hires, market updates and other significant announcements.

Connect with Us on LinkedIn

[H1] Baird Global Investment Banking

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[H2] Baird Global Investment Banking
[H5] Our goal is to be an exceptional partner to our clients.
One way we accomplish this is delivering focused expertise in areas that matter most to our clients and their businesses.
Learn More About Our Platform

540+ Banking Associates Globally
50+ Industry Verticals Covered
700+Companies Covered by Baird Research

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Expertise & Offerings
Discover Baird Global Investment Banking's deep coverage of key industries, as well as global M&A, financial sponsors, equity capital markets and more.

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[H2] Recent Transactions
We provide advisory and financing solutions that help companies around the world grow, go public, access capital and more. See all our recent deal activity.

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Enliven Completes $460.0 Million Follow-On Offering

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Winston Is Acquired by An Entity Owned by Lance Robertson

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Kainos Acquires Super-Sod

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Novanta Acquires Riverpoint

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AEVEX Completes $216.0 Million Follow-On Offering

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INNIO Completes $2.43 Billion Initial Public Offering

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Applied Aerospace & Defense Completes $650.0 Million Initial Public Offering

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Family First Homecare Is Acquired by Aveanna

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HES Receives Majority Investment from GI Partners

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Glenholme Specialist Care Is Acquired by STAR Capital

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Labrie Is Acquired by Hiab

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SOLV Energy Completes $540.0 Million Follow-On Offering

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Firefly Completes $576.0 Million Follow-On Offering

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Beacon Is Acquired by Corten

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Medline Announces $2.7 Billion Follow-On Offering

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VKTRY Is Acquired by Scholl's Wellness Company (Dr. Scholl's)

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MCA Connect Is Acquired by Grant Thornton

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Mirum Completes $690.0 Million Convertible Senior Notes Offering

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Bel Fuse Completes $458.9 Million Follow-On Offering

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Quad-C Makes Investment in Thibaut

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Fervo Completes $2.2 Billion Initial Public Offering

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World Travel Holdings Receives Strategic Investment from Citation

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Incendin Is Acquired by Fremman

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Vítaly Is Acquired by H.I.G.

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[H2] Insights & Press
See recent thought leadership, news, media coverage and special reports from our team.

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A Strategic Partnership: Baird Raises $2.3 Billion in Primary Capital for Kratos Since 2024
Since 2024, Baird’s Equity Capital Markets and Defense, Space & Government teams have served as Lead Bookrunner on Kratos’ three most recent 100% primary follow on offerings, raising $2.3 billion in capital.

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RSA 2026: Control Points, Not CategoriesBaird’s Inaugural Food Processing Equipment Symposium RecapAccelerating the Nuclear Renaissance at RIC 2026Adapting to the Disruptive: Trends Across the European Debt MarketPowering What’s Next: The Trends Defining Today’s Electric GridBaird Names Maria Watts Head of Global Financial Sponsors GroupFueling Growth: Consumer and M&A Themes in Nutritional SupplementsAI-Enabled Industrial Software Takes Center StageNavigating the Future of K–12 Education

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The Safety & Security Trends Taking Center Stage in 2026
Uncover trends from Baird's Safety & Security team, including new industrial supply chains solutions and business trends.

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The Rules of the Road For Corporate M&A
Learn more about how dealmaking is changing in a PE-driven market. Sign up to receive the report.

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Pat Guerin Highlights Momentum in European Investment Banking Growth
The Co-Head of European Investment Banking and Co-Head of Global M&A, recently spoke with Financial News about Baird’s accelerated investment banking growth in Europe.

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[H2] Our Team
We collaborate across our respective areas of sector, product and geographic expertise to help our clients achieve their unique goals.
Meet Our Team

[H2] Careers
Learn more about how to start or grow your career in Investment Banking at Baird.
Discover Roles & Opportunities
Join Our Talent Community