Baird Private Wealth Management's recruiting spree might be nearing an end despite the firm's best intentions.

This year, Baird has hired 20 advisers, including three branch managers, bringing its head count to 668, from 600 at the end of 2008. Last month Baird attracted an eight-person team of advisers with more than $450 million in combined assets from Smith Barney in Lynchburg, Va., amid other key hirings.

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