BrokerRecruit: More on RW Baird

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Sep 23, 2006 10:57 pm

and Red Granite, LLC

http://www.jsonline.com/story/index.aspx?id=502470&forma t=print

Katherine Gallagher did/does a nice job telling both sides of the story in my opinion.

Sep 25, 2006 9:32 am

Thanks for the link.

Sep 25, 2006 10:54 am

You’re welcome. Interesting situation to say the least.

Sep 26, 2006 9:23 am

It is indeed.  It will be interesting to see how the assets are spread throughout other institutional managers in the area and if they will see an abnormal upward trend in growth as a result of this. 

Sep 26, 2006 10:17 am

I will keep you posted on this matter as it develops.

Oct 13, 2006 10:38 am

As it relates to the nearly $4bn in assets that are floating in limbo, most of that money is from the relationship that Vrabel and Bowman established with Smith Barney.  I would assume that since there is such a struggle between the two firms as to what is proprietary and what is not, that Smith Barney has already placed these within another relationship that was pre-existing, or perhaps have established another new relationship.  Of the firms that I know in the Milwaukee area, they haven't seen a great swell in assets as a result of this. 

Oct 13, 2006 11:25 am

[quote=BrokerRecruit]

As it relates to the nearly $4bn in assets that are floating in limbo, most of that money is from the relationship that Vrabel and Bowman established with Smith Barney.  [/quote]

Was this money being run for SB clients via their CSG program? If so, it's now with other managers, never to return to either.