Equity Research Associate

Baird • Milwaukee, WI

21d • Hybrid

About The Position

Baird is seeking an Equity Associate for our Private Wealth Management equity research team. This team is responsible for consulting over $125B in individual stocks in Baird’s PWM system and provides guidance and support to Baird’s Financial Advisors. The associate will provide support to a team that manages Baird’s two PWM Home Office Portfolios, directly managing over $8B in client assets. The team also provides timely market insights and commentary across sectors. The Impact You'll Make: Participate in the creation of the daily Private Wealth Management morning research email, published and distributed every morning by 8:00 am CT, collecting and synthesizing updates deemed important for Financial Advisors and their clients regarding individual securities, ratings changes, industry updates and other topical updates. Assist the team in responding to Financial Advisors’ inquiries about specific stocks, sectors, and/or investment themes. Provide up to date and timely investment guidance and recommendations to Financial Advisors on behalf of their individual/retail clients. This includes providing updates and opinions on stocks across all industry sectors, analyzing high net worth client portfolios, and providing insight on general investment topics/themes including portfolio construction. Assist with the development of equity ideas and screens, focusing on current market conditions, stock-specific opportunities and needs specific to individual high net worth clients. Conduct ongoing due diligence of stocks held in the two Private Wealth Management home office portfolios – the Baird Recommended Portfolio and the Baird Rising Dividend Portfolio – particularly in conjunction with companies’ quarterly earnings reports. Over time, as investment acumen develops, the Associate will have an opportunity to participate in the portfolio management process, offering new buy ideas and sell recommendations for the investment committee to consider. Assist with the initial drafting and creation of written portfolio materials, including trade summaries, quarterly marketing materials, and other supporting research documents. Other duties/projects as assigned to support Baird’s growing PWM business.

Requirements

• Bachelor’s degree in finance, business, or other related field.
• Strong analytical skills and a passion for the markets.
• Adept with spreadsheets, databases, and word processing applications; experience with Bloomberg, FactSet, and Morningstar a plus.
• Strong oral and written communications skills.
• Strong attention to detail and organizational skills with the ability to prioritize and complete multiple tasks; ability to work under strict deadlines and pressure situations; demonstrated time management skills.
• Strong initiative and work ethic, and an ability to work well both within a team and on a self-directed basis.
• Ability to thrive in a collaborative environment.
• Capacity to handle increasing levels of responsibility as needed.
• Willingness to obtain SIE, Series 7, and Series 63 licenses within 6 months of hire.
• Willingness to work early hours; workday starts at 6:30 am.

Nice To Haves

• Progress toward CFA preferred.
• experience with Bloomberg, FactSet, and Morningstar a plus.

Responsibilities

• Participate in the creation of the daily Private Wealth Management morning research email
• Assist the team in responding to Financial Advisors’ inquiries about specific stocks, sectors, and/or investment themes.
• Provide up to date and timely investment guidance and recommendations to Financial Advisors on behalf of their individual/retail clients.
• Assist with the development of equity ideas and screens, focusing on current market conditions, stock-specific opportunities and needs specific to individual high net worth clients.
• Conduct ongoing due diligence of stocks held in the two Private Wealth Management home office portfolios
• Participate in the portfolio management process, offering new buy ideas and sell recommendations for the investment committee to consider.
• Assist with the initial drafting and creation of written portfolio materials
• Other duties/projects as assigned to support Baird’s growing PWM business.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees