A former Edelman Financial Engines advisor in northern Virginia has left the $242 billion AUM registered investment advisory firm after more than two decades to join Baird, a dually registered financial services, investment banking and private equity firm overseeing some $405 billion in cumulative assets.
Brandon Corso, who managed around $585 million at Edelman, will work as director and financial advisor out of a new Baird office in Fairfax, Va. The new location represents Baird’s third in the state, along with offices in Lynchburg and McLean.
“We remain open-minded with geographical areas of significance and find strength in growing in areas where we already have a footprint,” said Moira Moran, director of recruiting for Baird Private Wealth Management. “We see great opportunity in Fairfax, especially with Brandon on our team. No matter what recruit is on our radar, we’re laser-focused on keeping our client’s interests at the forefront of everything we do.”
Milwaukee-based and employee-owned, Baird was founded in 1919. The firm’s private wealth management business comprises more than 1,300 financial advisors overseeing $275 billion for more than 190,000 clients, including nearly $250 billion in regulatory assets.
Late last year, the firm was ordered to pay a $15 million settlement after the U.S. Securities and Exchange Commission found that Baird and nine other firms, including Interactive Brokers and William Blair, had been communicating through non-compliant channels.