Financial holding company Robert W. Baird said it has recruited veteran financial advisor Parker Griffith to lead its local wealth management office. Griffith, who succeeds Fred McLaughlin, is coming over from Morgan Stanley Smith Barney, where he was first vice president and branch manager.

Griffith will manage the local Baird office while also serving clients as a financial advisor. McLaughlin is staying with Baird and will continue to serve clients as a financial advisor. Joining Griffith in moving from Morgan Stanley Smith Barney is Karen Colavecchio, who will serve as branch administrative office manager.

“With more than 20 years of experience and a proven commitment to excellence, Parker is well positioned to continue a strong tradition of leadership in Nashville,” said Bill Johnson, regional director for Baird’s Private Wealth Management group. “We thank Fred McLaughlin, who remains a valued member of the Baird team in Nashville, for his excellent leadership and dedication as branch manager over the last 11 years.”

Griffith began his career as a financial advisor with The Robinson-Humphrey Company in Nashville in 1991 and stayed with the organization through a number of mergers. He also is a member of the board of directors of behavioral health services provider Centerstone.

Colavecchio has more than 30 years of industry experience. She began her career at J.C. Bradford and later worked at E.F. Hutton as a wire operator. In 1985, she was offered a position at Robinson Humphrey, where she rose to operations manager.