Hilliard Lyons and Hilliard Lyons Trust Company have become wholly owned subsidiaries of Baird after the transaction was closed Monday.
Baird is an employee-owned international wealth management, asset management, investment banking/capital markets, and private equity firm with more than $200 billion in client assets—according to a news release.
Hilliard Lyons operates an office in Hopkinsville and has been headquartered in Louisville. Baird is based out of Milwaukee, Wisconsin and is celebrating its 100th anniversary. It had revenues of nearly $1.8 billion in 2018, its ninth consecutive year of record results.