Investment firm Baird has added one of the most prominent wealth management teams in Nashville to its ranks, recruiting the father-son Liles Group to its West End wealth management office.
The Liles team includes financial advisors Malcolm Liles and William Liles, who combined have more than 50 years of industry experience, as well as their assistant, Sherri Minunno. They bring to Baird client portfolios of about $600 million, lifting Baird’s local asset total above $2 billion.
Malcolm Liles, pictured at left, was previously a senior vice president at Morgan Stanley, where he had worked since 1981. He launched his career with the firm formerly known as The Robinson Humphrey Company, where he remained through multiple mergers and acquisitions. Earlier this year, he was named to Barron’s “Top 1,000 Advisors by State” list for the fourth year in a row, ranking 11th in Tennessee. He also was recently listed as one of only two Tennessee advisors on The Financial Times’ inaugural list of “Top 400 Advisors.”
Parker Griffith, senior VP and branch manager of Baird’s local office, said the privately held company’s conservative culture relative to many bigger Wall Street names helped land the Liles team.
“There are not many Malcolm Liles in the country,” Griffith said. “He has grown his business almost in the same way Baird has done.”
William Liles joined Morgan Stanley as a financial advisor in 2010 after working with Regions Bank and Credit Suisse Securities. He holds a bachelor’s degree in business administration from the University of Georgia and an MBA with a specialization in investment management from the Owen Graduate School of Management at Vanderbilt University.
Minunno has about 15 years of industry experience and moved to Nashville from South Florida in 2006. She founded Camp Chaos 37206, a nonprofit dedicated to rescuing and rehabilitating dogs.
Baird’s office in the 2525 West End building is home to 15 financial advisors and more than three dozen other employees, making it one of the largest in the company’s network.