M. Griffith Inc. joining Baird, David Griffith to be vice chair

NEW HARTFORD, N.Y. — Employee-owned investment firm M. Griffith Inc. is joining Baird, a wealth management firm with more than 100 offices worldwide.

“I’d been thinking about the right way to help write M. Griffith’s next chapter for some time – how we best continue to serve our clients as they have grown to expect, how we maintain our culture and our tradition as an employee-owned firm, and how we continue to attract top financial talent all while keeping pace with an increasingly complex business,” David Griffith, president of M. Griffith, said in a release. “I found the answer in Baird, which embodies the same culture and values that have long defined M. Griffith, and is nationally recognized as a best place to work. It’s a great fit for our clients and the M. Griffith team.”

M. Griffith, founded in Central New York in 1947, has more than 40 employees, including 12 financial advisors who manage more than $2 billion in assets, the release said.

Baird, which was established in 1919 and is also employee owned, has more than 3,450 associates, including more than 860 financial advisors. Baird has equity and fixed income capital markets, and wealth management operations in more than a dozen offices across the Northeast.

David Griffith will serve as vice chairman – private wealth management when the transaction is completed and will continue to be actively involved with clients while also representing Baird in the community, the release said.