J.J.B. Hilliard, W.L. Lyons, LLC (d/b/a Hilliard Lyons) is a full-service wealth management firm with offices in Illinois, Indiana, Kentucky, Michigan, Mississippi, Missouri, North Carolina, Ohio, South Carolina, Tennessee, and West Virginia.

It is headquartered in Louisville, Kentucky.

Hilliard Lyons was acquired by Baird in October 2019.[1] It was renamed to Baird Trust effective November 2021.

History

Predecessor firms date to 1854.

In 1965, J.J.B. Hilliard & Son and W.L. Lyons and Company combined to become J.J.B. Hilliard, W.L. Lyons.

From 1998 to 2008, the company was owned by PNC Financial Services. Now the ownership is shared between Hilliard Lyons employees and Houchens Industries, based in Bowling Green, Ky.[2]

Other companies under the Houchens include Stewart-Richey Construction, Inc., Tampico Beverages, Inc., Food Giant, and Hitcents.[3]

Operations

Private Client Group

Hilliard Lyons provides financial guidance to individuals and families. It includes retirement planning, estate planning, financial planning, risk management, and education funding.

Investment banking

In 2010, the firm acquired middle-market investment banking firm bCatalyst and then started to assist business owners.[4]

Lending

In 2011, Hilliard Lyons partnered with The Bancorp, Inc. to offer clients borrowing services.

Trust

Hilliard Lyons Trust Company (HLTC) provides asset management (real estate, oil and gas, personal property etc.) and trust services to Hilliard Lyons clients and works as executor and investment manager.

Public finance

Hilliard Lyons acts in capacities for states, cities, counties, schools, and other issuers of public debt.[5] In 2010, the company handled some elements of the debt for the $238 million Louisville Downtown Arena, now the Yum! Center.[6] The firm maintains municipal bond trading and underwriting desks in Louisville and Indianapolis.

Research

Hilliard Lyons research analysts cover about 130 companies. Seven company's equity analysts have held The Wall Street Journal's All-Star/Best on the Street title a combined total of 17 times.[7]

Analysts won the Financial Times StarMine Award five times for stock picks within their industry[8] and the Financial Times ranked two Hilliard Lyons analysts among the nation's top 10 analysts.[9]

Culture

Hilliard Lyons is a ten-time winner of the Best Places to Work in Kentucky designation,[10] a seven-time winner in Indiana,[11] a five-time winner in Ohio,[12] and a past winner in South Carolina.[13]

Community

Hilliard Lyons provides financial support to the Kentucky Opera,[14] Actors Theatre of Louisville,[15] the Fund for the Arts,[16] and Junior Achievement of Kentuckiana.[17]

In 2010, the company was recognized with the Governor's Award in the Arts.[18]

References

  1. ↑ https://www.rwbaird.com/who-we-are/locations/#vertTab-5818’’
  2. ↑ "Our History - Hilliard Lyons". hilliard.com.
  3. ↑ "Houchens Industries".
  4. ↑ "HILLIARD LYONS ACQUIRES bCATALYST ADVISORS" (PDF). Hillard.com. Retrieved 24 December 2016.
  5. ↑ "Hilliard Lyons sees opportunity in municipal bond business". www.bizjournals.com. Retrieved 24 December 2016.
  6. ↑ "How Hilliard Lyons saved the Louisville arena project". www.bizjournals.com. Retrieved 24 December 2016.
  7. ↑ Phillips, Matt (19 April 2011). "In a Trying Year, Staying Optimistic Paid Off". Wall Street Journal.
  8. ↑ "Hilliard Lyons | Profile | Research Department". www.hilliard.com. Retrieved 24 December 2016.
  9. ↑ "Archived copy" (PDF). Archived from the original (PDF) on 2010-04-15. Retrieved 2012-02-17.{{cite web}}: CS1 maint: archived copy as title (link)
  10. ↑ "Home - Best Places to Work in Kentucky".
  11. ↑ "Home - Best Places to Work in Indiana".
  12. ↑ "Home - Best Employers in Ohio".
  13. ↑ Administrator. "2010 "Best Places to Work in South Carolina" - Best Places to Work in South Carolina".
  14. ↑ "Corporate Sponsors". 15 August 2022.
  15. ↑ "Donor Recognition - Actors Theatre of Louisville".
  16. ↑ "Fund for the Arts".
  17. ↑ "Junior Achievement of Kentuckiana". Archived from the original on 2011-04-13.
  18. ↑ "2010 Governor's Awards in the Arts". artscouncil.ky.gov. Archived from the original on 20 July 2012. Retrieved 24 December 2016.
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