Wealth management company Baird and M. Griffith Investment Services have partnered to enhance services and expand their presence in the Northeast.

"M. Griffith is a highly respected and well-established firm with a business model and client-focused culture that are very consistent with Baird's, making them an excellent business partner," Baird President and CEO Steve Booth said in a statement. 

The association will combine Baird's over $200 billion in client assets with M. Griffith's 40-employee base that includes 12 financial advisers who manage over $2 billion in assets. 

"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," M. Griffith President David Griffith said in a statement. "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," he said. 

According to the companies, David Griffith will serve as vice chairman of private wealth management and will continue to be active with clients.