Bailard Named a 2021 Best Places to Work for Financial Advisers by InvestmentNews
Bailard is proud to announce our recognition as a 2021 Best Places to Work for Financial Advisers by InvestmentNews for the second year in a row. Bailard was chosen as one of this year’s top 75 based on employer and employee surveys delving into company culture, benefits, career paths, and more, ranking fourth out of 25 in its category of 50+ employees.
This recognition is further proof that here at Bailard, we live by our values – including compassion, courage, and excellence – which inform our company’s culture. While this is the first industry recognition of 2021, the award from InvestmentNews comes after a year of achievement for the Bailard team, including wins from both 2020 CNBC FA 100 and Pensions & Investments Best Places To Work In Money Management Award in Q4 of 2020.
“Every day, I am proud of the excellent team we have at Bailard. While this public recognition is exciting, the greater honor is that this came as a result of direct feedback from the people who make our firm great,” said Sonya Mughal, COO and CRO at Bailard. “As we have all grown used to a new way to work and connect with our colleagues, it is comforting and inspiring to see how we have continued to maintain what makes Bailard special.”
As Bailard continues to grow and evolve in 2021, our commitment to excellence in the firm’s culture, and our investment in our best-of-class team will remain steadfast. Kyle Berkley, who joined Bailard as the Vice President of Human Resources last year, will lead this charge through new initiatives and continued traditions that have created our industry-leading culture.
“Continued investment in top talent is integral to our growth as a firm. When the pandemic hit last year, we reimagined our hiring process and programming, leaning on our foundational core values to drive our decision-making” Berkley said.
InvestmentNews partnered with Best Companies Group, an independent research firm specializing in identifying great places to work, to compile the survey and recognition program.
“We’ve all seen the value of a great work culture over the past year, and InvestmentNews is excited to once again recognize those firms that are taking a lead in providing great financial advice and being a great place to work,” said George Moriarty, Chief Content Officer, InvestmentNews. “These firms are leading the industry in developing best-in-class human resource practices.”
To learn more about the InvestmentNews 2021 75 Best Places to Work for Financial Advisers, please go to Bestplacesforadvisers.com.
About InvestmentNews
InvestmentNews is the leading source for news, analysis and information essential to the financial advisory community. Since 1998, our standard of editorial excellence and deep industry knowledge has allowed us to educate, inform and engage the most influential financial advisers. Through a weekly newspaper, website, newsletters, research, events, videos and webcasts, InvestmentNews provides exclusive and up-to-the-minute news, as well as actionable intelligence, that empowers financial advisers to serve their clients and run their businesses more effectively whenever, however and wherever they need it.
The InvestmentNews headquarters are located in New York, with offices in Washington, D.C. InvestmentNews is part of Bonhill Group.
About 2020 InvestmentNews Best Places to Work for Financial Advisers
This award does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance. There was no cost for Bailard to enter. InvestmentNews partnered with the Best Companies Group, an independent research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees. The first part consisted of evaluating each nominated company’s workplace policies, practices, and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies. To have been eligible for consideration, companies must meet the following criteria: have a minimum of 15 employees working in the United States; must be in business a minimum of one year; and be a registered investment adviser (RIA), affiliated with (but not an employee of) an independent broker dealer (IBD), or a hybrid/dually-registered firm affiliated with an IBD and doing business through an RIA. This year, a total of 75 firms were placed on the 2021 InvestmentNews Best Places to Work for Financial Advisers list. 25 advisers were recognized in Bailard’s category of Large Employer (50 or more U.S. employees) and Bailard was ranked fourth.
About the CNBC FA 100 Methodology
CNBC enlisted data provider AccuPoint Solutions to assist with delivering the CNBC FA 100 ranking of registered investment advisors. The methodology consisted of first analyzing a variety of core data points from AccuPoint’s database of financial services firms. This analysis started with an initial list of 37,369 RIA firms. AccuPoint then applied weighted categories to further refine and rank the firms, ultimately creating the list of the top 100. The primary data points used in the analysis were reviewed, either as a minimum baseline or within a range, eliminating those firms that did not meet our requirements. Once the initial list was compiled, weightings were also applied accordingly. These data points included: disclosures; number of RIAs employed by each firm; number of employees; number of investment advisors registered with the firm; the ratio of investment advisors to total number of employees; total assets under management; percentage of discretionary assets under management; total accounts under management; number of states where the RIA is registered; and country of domicile. Bailard ranked #86. This award does not evaluate the quality of services provided to clients and is not indicative of the practice’s future performance. Neither the RIA firms nor their employees pay a fee to CNBC in exchange for inclusion in the FA 100.
About 2020 Pensions & Investments Best Places to Work in Money Management
This award does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance. There was no cost for Bailard to enter. This year, a total of 94 firms were placed on the Pensions & Investments Best Places to Work in Money Management list. 23 managers were recognized in Bailard’s category of 50 to 99 employees. There was no fee for Bailard to enter.
To have been eligible for consideration, companies must meet the following criteria: be a for-profit or not-for-profit business or public agency; have a facility in the United States; have a minimum of 20 full and/or part-time employees working in the United States; must be in business a minimum of one year; and have at least $100 million of discretionary AUM.
Bailard named finalist in Family Wealth Report 2021 Awards
FOSTER CITY, Calif. – February 24, 2021 – Bailard is pleased to announce its naming as a finalist in the Family Wealth Report’s 2021 Awards “Alternative Asset Manager” category. This recognition is specifically focused on the achievements of Bailard’s real estate team. The Bailard Real Estate Fund reached a milestone in 2020—its 30th year since inception—but it wasn’t a year to celebrate as one might have otherwise expected. Yet, earning a finalist spot with the Family Wealth Report has created an opportunity to pause for a moment of positive reflection.
The Firm has long believed in the diversification benefits of alternative asset classes, particularly private real estate. An independent firm since its founding in 1969, Bailard stands committed to its values and, most importantly, its clients. Bailard’s real estate efforts are a perfect example. The Firm’s flagship Bailard Real Estate Fund has a strong 30-year track record of delivering value for investors seeking a diversified real estate portfolio that offers income and the potential for capital appreciation. With a property portfolio in excess of $1 billion of gross market value, the real estate investment team continuously focuses on “buying right” and delivering value over the long term. This is truly an accomplishment that the Firm’s seasoned 12-member real estate team can celebrate.
This recognition from the Family Wealth Report validates Bailard’s continued commitment to its values. Bailard was built on a foundation of fairness and accountability. And, the Firm’s dedication to its values over the years has enabled it to remain independent in its pursuit of excellence for clients. These core tenets have driven both the Bailard Real Estate Fund’s 30 years of success and Bailard’s more-than-50-year history. And, today, Bailard stands firm in its resolve to uncover value and strong opportunities for investors for another 50 years to come.
Many thanks to the Family Wealth Report for this recognition and cheers to Bailard’s fellow finalists in the Alternative Asset Manager category!
About the Bailard Real Estate Fund The Fund is an actively-managed U.S.-focused open-end, core equity real estate vehicle with a strategy to maintain and grow a portfolio of high-quality assets diversified across property types, major metro areas, and investment life cycles. As of December 31, 2020, the Fund’s Gross Asset Value was $1.1 billion, invested in 31 properties across 18 U.S. markets. An investor in the Bailard Real Estate Fund must be an “accredited investor” as defined in Regulation D and provide documentation verifying such status as requested by the Fund.
About Bailard, Inc. With over 50 years of experience, Bailard proudly serves as a trusted partner focused on achieving long-term results aligned with client goals. An independent firm since its founding in 1969, Bailard stands committed to its values and, most importantly, its clients. With $4.4 billion AUM as of December 31, 2020, Bailard’s high-touch client service and proven track record are grounded in the Firm’s core values of accountability, compassion, courage, excellence, fairness, and independence.
About the Family Wealth Report Awards The awards program is designed to showcase excellence in the North American wealth sector, and how entrants put their case forward can often be very revealing about the qualities on display. In 2021 there are more than thirty judges coming from family offices, private banks, trusted advisers, consultants and other service providers each of whom has in-depth knowledge and a broad experience. Every submission is carefully reviewed to ensure the best companies and individuals are selected as winners in each category, whilst commercially sensitive information is kept confidential. This recognition does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance; there was no fee to enter.
Disclosures Bailard, Inc. (“Bailard”) is the investment and operating manager of the Bailard Real Estate Investment Trust, Inc. (the “Bailard Real Estate Fund” or the “Fund”); Bailard receives annual fees from the Fund, which are based on the Net Asset Value. The Fund invests primarily in real estate and, as a result, an investment in the Fund entails significant risks that are customarily associated with the development and ownership of income-producing real estate, including illiquidity, changes in supply and demand, and inexact valuation. The Fund’s shares fluctuate in value and may be illiquid due to a lack of redemption, the lack of a secondary market and restrictions on transfer. Fees and expenses may offset the return on the investment. The Fund may be leveraged. While projections utilized for acquisitions are based on assumptions that Bailard believes are reasonable under the circumstances, they are subject to uncertainties, changes (e.g., changes in public health, economic, operational, political, legal, tax, and other circumstances), and other risks including, but not limited to, future operating results including rents, occupancy, and other property cash flows, and other expenses. Investors may lose all or a substantial portion of their investment. For a more thorough discussion of the fees and the risks involved in making an investment in the Fund, please refer to its Offering Memorandum. Past performance is no indication of future results. All investments have the risk of loss.
Bailard Wins Third Place in Pensions & Investments Best Places to Work in Money Management Award for Firms with 50-99 Employees
2020 marks the third year Bailard has been recognized as a best place to work by Pensions & Investments
FOSTER CITY, Calif. – Dec. 15, 2020 – Bailard, a values-driven asset and wealth manager in the Bay Area, has been included in the 2020 Best Places to Work in Money Management awards announced by Pensions & Investments, where Bailard has placed third for firms with 50-99 employees. This is the publication’s ninth-annual survey and recognition program dedicated to identifying and recognizing the best employers in the money management industry.
This is Bailard’s third consecutive year making this list and rounds out a year of several best workplace recognitions for the firm gained over the course of the year. Bailard’s excellent culture has been built over the firm’s 51-year history and is a result of the firm’s ongoing commitment to its values, including accountability, compassion, and excellence.
“In this very unusual year, we learned again that employers that consider the overall wellbeing of their employees are regarded well. The best employers in 2020 are those that have stepped up with policies and practices to support and protect employees’ physical and emotional health, while continuing to keep the focus on clients’ needs,” said P&I Editor Amy B. Resnick. “Our surveys found that the employers on the list were likely to work hard to sustain their corporate cultures, even during times of pandemic lockdowns and continuing to work from home in many cases.”
Bailard worked to closely support its employees and maintain its award-winning culture throughout the COVID-19 pandemic by adapting to a fully-remote environment while maintaining Bailard traditions, like weekly firm-wide trivia games, their weekly 9:05 all company meeting, and their annual Oasis all company celebration in honor of the firm’s founding – now shifted to a virtual setting. Bailard also appointed a vice president of human resources, Kyle Berkeley, in 2020 to help the firm through its next chapter of growth and continue to make employee wellbeing and education a top priority of the firm.
“In a year where it feels so much has changed, this recognition is a reminder of many of the crucial things that have remained the same, mainly our incredible team and our values,” said Peter Hill, the CEO of Bailard. “We have always been proud to be a company that puts our culture first, and in a year like 2020, this has been more important than ever.”
Pensions & Investments partnered with Best Companies Group, a research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees to determine the 2020 winners. The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies.
For a complete list of the 2020 Pensions & Investments’ Best Places to Work in Money Management winners and write-ups, go to www.pionline.com/BPTW2020.
About Bailard
With 50 years of experience, Bailard proudly serves as a trusted partner focused on achieving long-term results aligned with client goals. An independent firm since its founding in 1969, Bailard stands committed to its values and, most importantly, its clients. With $4.2 billion AUM as of September 30, 2020, Bailard’s high-touch client service and proven track record are grounded in the firm’s core values of accountability, compassion, courage, excellence, fairness, and independence.
About Pensions & Investments
Pensions & Investments, owned by Crain Communications Inc., is the 48-year-old global news source of money management. P&I is written for executives at defined benefit and defined contribution retirement plans, endowments, foundations, and sovereign wealth funds, as well as those at investment management and other investment-related firms. Pensions & Investments provides timely and incisive coverage of events affecting the money management and retirement businesses. Visit us at www.pionline.com
About 2020 Pensions & Investments Best Places to Work in Money Management
This award does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance. There was no cost for Bailard to enter. This year, a total of 94 firms were placed on the Pensions & Investments Best Places to Work in Money Management list. 23 managers were recognized in Bailard’s category of 50 to 99 employees. There was no fee for Bailard to enter.
To have been eligible for consideration, companies must meet the following criteria: be a for-profit or not-for-profit business or public agency; have a facility in the United States; have a minimum of 20 full and/or part-time employees working in the United States; must be in business a minimum of one year; and have at least $100 million of discretionary AUM.
* All investments involve a risk of loss. There is no guarantee any strategy will achieve its objectives. Bailard will not offer advice in any jurisdiction where it is prohibited from doing so.
NAREIM Q&A: The State of the Office
In its Fall 2020 issue of Dialogues, NAREIM speaks with Preston Sargent, Executive Vice President at Bailard, about office opportunities amidst changing work trends in the post-Covid-19 world.
Bailard, Inc. Named to the 2020 CNBC Financial Advisor 100
This is the second consecutive year Bailard has been honored in the industry ranking
FOSTER CITY, Calif. – October 6, 2020 – Bailard, a wealth and investment management firm based in California, is pleased to announce it has been recognized by CNBC in their 2020 Financial Advisor 100 list, which works to identify the top advisory firms in the country for a variety of factors including comprehensive offerings and the longevity of the firm.
“2020 has brought change to all aspects of our business, from how we communicate with and support our wealth management clients to the way we connect as a team,” said Sonya Thadhani Mughal, Chief Operating Officer and Chief Risk Officer of Bailard. “While it is always an honor to be recognized by the industry, it’s a special honor to be recognized during this tough year. I’ve been proud of our team’s commitment to excellence, even in the hardest times.”
The CNBC FA 100 selects 100 advisors from a universe of thousands of firms through close analysis of data representing several factors that together create the full list. A few of the factors considered include disclosures, average account size, the ratio of investment advisors to total number of employees, and total AUM. Each section was weighted according to specific criteria created by CNBC and AccuPoint, CNBC’s data provider.
“Bailard’s place on the CNBC FA 100 list is a testament to the dedicated team in our wealth management practice,” said Michael Faust, Bailard’s Executive Vice President and Director of Wealth Management. “We pride ourselves on being a values-driven firm, and the CNBC FA 100 shows we are living up to our values: we remain independent and committed to delivering excellence to our clients.”
This recognition is the latest of a series of industry wins for Bailard, who was named a best place to work by InvestmentNews and in a joint Best Places to Work ranking by San Francisco Business Times and Silicon Valley Business Journal. Bailard is positioned to continue leading the industry in 2021 with recent talent acquisitions. To maintain Bailard’s commitment to excellence in client results and team support, this spring the firm welcomed David Jones as Director of Estate Strategy and recently named Kyle Berkley as Vice President of Human Resources.
About Bailard, Inc.
With over 50 years of experience, Bailard is an independent wealth and investment management firm that combines proven, proprietary methodologies with innovative new strategies to drive success for clients. For individuals and institutions alike, Bailard proudly serves as a trusted partner focused on achieving long-term results aligned with client values and goals. An independent firm since our founding in 1969, we stand committed to our values and, most importantly, our clients. With $4.0 billion in AUM as of September 2020, Bailard’s high-touch client service and proven track record are grounded in the firm’s core values of openness, fairness, excellence, and courage. To learn more about Bailard, please visit: https://bailard.com/.
About the CNBC FA 100 Methodology
CNBC enlisted data provider AccuPoint Solutions to assist with delivering the CNBC FA 100 ranking of registered investment advisors. The methodology consisted of first analyzing a variety of core data points from AccuPoint’s database of financial services firms. This analysis started with an initial list of 37,369 RIA firms. AccuPoint then applied weighted categories to further refine and rank the firms, ultimately creating the list of the top 100. The primary data points used in the analysis were reviewed, either as a minimum baseline or within a range, eliminating those firms that did not meet our requirements. Once the initial list was compiled, weightings were also applied accordingly. These data points included: disclosures; number of RIAs employed by each firm; number of employees; number of investment advisors registered with the firm; the ratio of investment advisors to total number of employees; total assets under management; percentage of discretionary assets under management; total accounts under management; number of states where the RIA is registered; and country of domicile. Bailard ranked #86. This award does not evaluate the quality of services provided to clients and is not indicative of the practice’s future performance. Neither the RIA firms nor their employees pay a fee to CNBC in exchange for inclusion in the FA 100.
About InvestmentNews
InvestmentNews is the leading source for news, analysis and information essential to the financial advisory community. Since 1998, their standard of editorial excellence and deep industry knowledge has allowed InvestmentNews to educate, inform and engage the most influential financial advisers. Through their weekly newspaper, website, newsletters, research, events, videos and webcasts, InvestmentNews provides exclusive and up-to-the-minute news, as well as actionable intelligence, that empowers financial advisers to serve their clients and run their businesses more effectively whenever, however and wherever they need it. Headquartered in New York, with offices in Chicago and Washington D.C., InvestmentNews is part of London-based Bonhill Group plc. Learn more at www.InvestmentNews.com.
About 2020 InvestmentNews Best Places to Work for Financial Advisers
This award does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance. There was no cost for Bailard to enter. InvestmentNews partnered with the Best Companies Group, an independent research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees. The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems, and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies. To have been eligible for consideration, companies must meet the following criteria: have a minimum of 15 full and/or part-time employees working in the United States; must be in business a minimum of one year; and be a registered investment adviser (RIA), affiliated with (but not an employee of) an independent broker dealer (IBD), or a hybrid/dually-registered firm affiliated with an IBD and doing business through an RIA. This year, a total of 75 firms were placed on the 2020 InvestmentNews Best Places to Work for Financial Advisers list. 25 advisers were recognized in Bailard’s category of Large Employer (50 or more U.S. employees) and Bailard was ranked fourth.
About The Business Journals
The San Francisco Business Times and the Silicon Valley Business Journal are both publications of The Business Journal. The Business Journal’s 43 business publications represent the largest publisher of metropolitan business newsweeklies in the United States, reaching 3.6 million readers each week from Washington, D.C., to San Francisco, and from Austin, Texas, to Albany, N.Y. Bizjournals features local people and decision makers who are leaders in their business communities. They report on local and national issues that impact subscribers’ businesses and assist them in growing their companies.
About Best Places to Work in the Bay Area 2020
This award does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance. There was no cost for Bailard to enter. The San Francisco Business Times and Silicon Valley Business Journal partnered with Quantum Workplaces, an independent survey program administrator. All Best Places to Work winners are determined exclusively on the basis of their employees’ responses to the Best Places to Work Survey. Employee responses from the 30 standard survey questions, along with the number of employees that respond to the survey, are calculated to determine the company’s overall score and ranking. Employees with 5% or greater company stock ownership were prohibited from participating in the survey. Employees completed one survey for the Best Places to Work in the Bay Area 2020 program and, as a result of Bailard’s two Bay Area offices (Foster City and San Francisco), garnered rankings in both the San Francisco Business Times and Silicon Valley Business Journal lists. This year, 125 firms appeared in the San Francisco Business Times and the Silicon Valley Business Journal list. 25 firms were recognized in Bailard’s category of Small Employer (50-99 employees) and Bailard was twelfth.
* All investments involve a risk of loss. There is no guarantee any strategy will achieve its objectives. Bailard will not offer advice in any jurisdiction where it is prohibited from doing so.
From SRI to ESG: The Origins of Socially Responsible and Sustainable Investing
One of the fastest growing areas in investing today is socially responsible investing (SRI) and environmental, social, and governance (ESG) investing. The growth in SRI and ESG has not just been driven by the heightened desire of individual investors to align social and environmental values with portfolios, but also by the realization that ESG metrics can be a valuable gauge of risk and can drive investment performance. It may be surprising to some that SRI has been around for decades, and ESG arrived in the mid-2000s. Inside this research paper published in The Journal of Impact and ESG Investing, “From SRI to ESG: The Origins of Socially Responsible and Sustainable Investing,” Bailard’s own Blaine Townsend, CIMC®, CIMA®, explores the history of SRI and ESG investing.
Inside, you’ll learn:
- How the history of SRI and ESG investing has roots not only faith-based investing but also in the civil rights, antiwar, and environmental movements of the 1960s and 1970s;
- How investment risks posed by climate change and poor corporate governance were a large catalyst to ESG investing;
- How ESG data is now much more widely available than even a decade ago, making ESG investing much more viable; and
- The impact of SRI and ESG on investment returns.
The Bailard Foundation: Celebrating Many Milestones
Last year we launched the Bailard Foundation, created to formalize Bailard’s decades-long history of giving back, with a core mission: to improve the communities in which we live, work, and engage. As we mark our first anniversary, we are happy to report the Bailard Foundation has made significant strides.
The Impact
The Bailard Foundation’s four key focus areas are affordable housing, financial literacy, homelessness & poverty, and international impact initiatives. At the close of the quarter – or just over a year since its founding – the Foundation made over $70,000 in grants to 25 value-aligned organizations, with 70% of those funds going directly to organizations in the San Francisco Bay Area.
We are excited to highlight the work of our grantee organizations, including that of JobTrain, a Bay Area based nonprofit helping those who are most in need to succeed, and those helping address COVID-19 and racial inequality in America. To ease some of the painful impacts of COVID-19, the Foundation contributed to seven food banks in Northern California as well as World Central Kitchen. The Foundation also donated to several San Francisco Bay Area based organizations to help fight racial injustice, including Larkin Street Youth Services, Hope SF, and the San Francisco Bay Area chapters of 100 Black Men and 100 Black Women.
A Humble Recognition
We are also encouraged by the support the Bailard Foundation has received in the past year. Notably, over the most recent quarter, the Foundation was selected as a finalist for the WealthManagement.com 2020 Awards for Corporate Social Responsibility & Diversity. The finalists are chosen from a panel of fifteen independent judges, and this year there were more than 600 nominations submitted across the award’s categories. By being selected as a finalist, the Bailard Foundation has been recognized, along with seven other firms’ impactful initiatives, as an industry-leading example of an investment and wealth manager that is aware of the responsibility companies hold to support their broader communities. To view the full list of finalists across all categories, please visit here.*
Through its support of 25 organizations across the Bay Area and the world, and achieving this industry-wide recognition, the Bailard Foundation has established strong momentum as it enters its second year. In the next year, we hope to further expand the Foundation’s operational base to better serve the organizations it supports. We also aim to deepen relationships with the Foundation’s current grantees through organization-specific volunteer efforts when it is safe to do so amid the pandemic. With these goals in mind, we have put together an online presence for the Bailard Foundation where our clients, employees, and community can learn more about the Foundation’s mission and recent activities. We look forward to what the future holds for the Bailard Foundation and we encourage our employees, clients, and friends to follow along with this journey.
The Bailard Foundation has a board of directors that is led by chairwoman Terri Bailard, widow of firm co-founder Tom Bailard, and features both friends of Bailard, Inc. and employees.
* About the WealthManagement.com Industry Awards: Now in its sixth year, this program recognizes the outstanding companies, individuals and organizations that make a real difference in the daily activities of financial advisors. More than 200 companies submitted 625 nominations in 2020 — a testament to the value that firms place in the awards as a way to enhance their reputation, increase their brand recognition and set their organization apart from the competition. There was no cost for Bailard to submit a nomination. A panel of 15 judges made up of top names in the industry determines the WealthManagement.com 2020 Industry Awards Finalists. Bailard is one of eight finalists in the Corporate Social Responsibility & Diversity category. Winners will then be selected based on quantitative measures of their initiatives—such as scope, scale, adoption and feature set—along with qualitative measures such as innovation, creativity and new methods of delivery.
A History of Giving & the Bailard Foundation’s First Annual Update
“Doing what is right. Right by the client, by each other, by the firm and by society.” This is what Ron Kaiser—one of the three co-founders of Bailard, Inc.—said last October when speaking about what it takes for a company to last 50 years. This idea of “doing right” exemplifies what the company and its late founder and long-time CEO, Tom Bailard, stand for to this day. And, in honor of its first 50 years and with excitement for the future, last year Bailard set about creating a list of values that it views as defining for the company. One of these six core values is Compassion, which Bailard strives to demonstrate through understanding and improving its communities.
Charitable Gifts throughout the Years
Bailard has long been involved with numerous charitable groups. This support has come in a variety of ways and has often been associated with those causes closest to our employees and clients.
Donations: Bailard has consistently provided support for a number of Bay Area non-profits including AbilityPath, United Way Bay Area, Boys & Girls Club of the Peninsula, and Community Housing Partnership. Employees have organized volunteer days with Rebuild Together and Second Harvest Food Bank. Bailard recognizes the power and impact found in academic sponsorships as well, and has supported research prizes including the University of California Berkeley Moskowitz Prize. Over the past five years alone, Bailard has provided over $500,000 in charitable donations and sponsorships.
Employee Matching: The culture at Bailard lends itself to attracting employees who are passionate about community engagement and charitable causes. To provide support for its employees, Bailard has long offered an annual match on employee donations.
Emergency Fundraising: As we are now experiencing with the COVID-19 pandemic, the world is unpredictable and situations often arise that fall outside of Bailard’s normal targeted giving. Bailard has reacted to these extra needs through company-wide matching initiatives in addition to its annual per employee match limit. Donations have been given to support victims of wildfires, food banks during the onset of COVID-19, and most recently a match to employees for any organization that seeks to address and end systematic racism and oppression of Black, Indigenous, and People of Color (BIPOC).
The Next Step Forward: The Bailard Foundation
Serving the community in which we live has long been ingrained in the values of Bailard and the mindset of its employees. The desire and effort of helping our communities was foundational for the company, but there had never before been a channel to organize or amplify Bailard’s service. To solidify the company’s commitment to our communities and increase the impact of what Bailard, its employees, and clients support, the Bailard Foundation was created in 2019.
We are pleased to provide the Foundation’s first annual update below, following a spotlight on a community partnership Bailard has supported for nearly thirty years.
Community Partnership over the Years: AbilityPath
Mission: To empower people with special needs to achieve their full potential through innovative, inclusive programs and community partnerships. Together, we are creating a world where people of all abilities are fully accepted, respected and included in all aspects of life: in the classroom, the workplace, and in our communities.
Services: Range from early intervention for infants to play therapy for children, social activities for teens, and employment training for adults along with support and counseling for families. All programs are designed to help children and adults thrive at school, at work, at home, and in the community.
Bailard’s Involvement: Bailard has supported AbilityPath through both financial donations and employee volunteer days. The company continues to act as a major sponsor for AbilityPath’s largest annual fundraiser and other events throughout the year.
Bailard Foundation Annual Update
The Bailard Foundation was launched in May of 2019, in celebration of the firm’s 50th anniversary. The Foundation’s aim is to centralize Bailard’s robust history of charitable giving and promote impactful donations that align with the Foundation’s mission statement and focus areas.
Mission Statement: The Bailard Foundation supports initiatives that the Firm, its employees, and clients value as we seek to collectively improve the communities in which we live, work, and engage.
Four Focus Areas: Affordable Housing, Financial Literacy, Homelessness & Poverty, and International Impact Initiatives.
In the year since its launch, the Foundation has worked to expand connections with local and international charitable organizations. As of June 30, 2020, the Foundation will have provided over $70,000 in grants to 24 organizations within its focus areas, as summarized below.
A Look Forward
In its second year, the Foundation plans to further build out its operational base to better serve the charitable organizations chosen by the Foundation Board as well as the company and Bailard employees. The newly-launched Bailard Foundation website (www.bailard.com/ foundation) includes information on the mission, focus areas, and grants awarded to date. We also hope to expand our relationships with some of our grantee groups through volunteer days and specific fundraising drives. The Foundation is open to all suggestions from employees, clients, and friends on organizations in our focus areas.
Grantee Highlight – JobTrain
Mission: Committed to helping those who are most in need to succeed. JobTrain aims to improve the lives of people in the community through assessment, attitude and job skills training, and high potential career placement.
Services: Career training through 11-week programs at no cost for students with four focus areas: Healthcare, Culinary Arts, IT Service and Support, and Carpentry. Other offerings include youth services, job seeking services, onsite daycare, and evening classes all aimed to provide those looking to better themselves and their careers with the tools and support to do so.
Why JobTrain: The Bailard Foundation was impressed by the array of services offered and core focus on skilled training offered. Relevant job skills are so important for unemployed and under employed to increase their options for employment.
Bailard Appoints Director of Estate Strategy
David Jones joins to strengthen and lead wealth management estate planning services
FOSTER CITY, Calif. – June 18, 2020 – Bailard, an independent values-driven wealth and investment management firm in the San Francisco Bay Area, is pleased to announce that David Jones has joined the firm as Senior Vice President and Director of Estate Strategy. In this role, he will focus on helping clients develop integrated estate and philanthropic strategies in concert with their other professional advisors. Dave brings an extensive background working with high net worth individuals and families as an estate planning attorney, wealth manager, and philanthropic advisor. He previously held roles advising donors at the University of Texas, and before that shaped philanthropy and estate planning strategy at a multi-family office at Merrill Lynch Private Banking and Investment Group.
“Dave’s unique experience and expertise serving high net worth families across multiple disciplines has greatly enhanced and deepened our planning services for our clients since we began our consulting relationship with him in 2017,” said Michael Faust, Bailard’s Director of Wealth Management. “Dave understands that our clients’ success is our success, and he has already played a critical role in ensuring that remains true. We’re thrilled to have him join us full time to expand our existing offerings around estate planning and philanthropy.”
This new hire reflects Bailard’s continual effort to expand the level of service for its clients. The firm’s full-service offering goes beyond traditional stocks and bonds to proprietary niche investment strategies, tax-aware investing, financial planning, ESG/SRI investing, and now a dedicated and experienced resource for estate planning and philanthropy.
“I’m excited to join full-time at Bailard, a firm steeped in its values as reflected by this year’s multiple recognitions as a best place to work. I’ve always been drawn to Bailard’s culture and commitment to its clients and employees,” said David Jones. “I look forward to meeting and supporting even more clients during a time of global uncertainty, and helping them create plans that support their financial and philanthropic goals.”
About Bailard, Inc.
With over 50 years of experience, Bailard is an independent wealth and investment management firm that combines proven, proprietary methodologies with innovative new strategies to drive success for clients. For individuals and institutions alike, Bailard proudly serves as a trusted partner focused on achieving long-term results aligned with client values and goals. An independent firm since our founding in 1969, we stand committed to our values and, most importantly, our clients. With $3.4 billion AUM as of March 31, 2020, Bailard’s high-touch client service and proven track record are grounded in the firm’s core values of accountability, compassion, courage, excellence, fairness, and independence. To learn more about Bailard, please visit: https://bailard.com/.*
For more information about Bailard, Inc., please visit www.bailard.com or contact Mike Faust, Executive Vice President and Director of Wealth Management at (650) 571-5800.
Neither Bailard, Inc. nor any employee of Bailard is a tax or legal professional and thus cannot and does not give tax or legal advice; our advice in these areas is holistic and conceptual. Please consult your tax or legal professional for any specific, personal tax or legal questions.
* All investments involve a risk of loss. There is no guarantee any strategy will achieve its objectives. Bailard will not offer advice in any jurisdiction where it is prohibited from doing so. The application of various environmental, social and governance screens as part of a socially responsible investment strategy may result in the exclusion of securities that might otherwise merit investment, potentially resulting in higher or lower returns than a similar investment strategy without such screens.
Joanne Howard Joins Bailard
– Howard joins from Allianz Global Investors
– Howard brings exceptional investment industry expertise and will serve as Senior Vice President
FOSTER CITY, Calif. – February 10, 2021 – Bailard, an independent, values-driven wealth and investment management firm in the San Francisco Bay Area, has expanded its ranks with the recent hire of Joanne Howard as Investment Counselor and Portfolio Manager. With over 50 years of investment industry expertise, Howard will focus her efforts on developing and implementing investment strategies and working with select ultra-high-net-worth clients of Bailard.
“As an esteemed industry veteran, we’ve held Joanne in high regard for a long time,” said Michael Faust, CFA, Executive Vice President and Bailard’s Director of Wealth Management. “I have no doubt that her skill as a portfolio manager, particularly in the health care sector, paired with her remarkable client service will bolster the Bailard team.”
Prior to Bailard, Joanne was a Senior Vice President and a Managing Director with Allianz Global Investors, which she joined in 1992. At Allianz, she held portfolio management responsibilities with the U.S. Large Cap Core Equity team and was the Chief Investment Officer of the Private Client Group in San Francisco. Before Allianz, Joanne was also a managing director at Scudder, Stevens & Clark, where she was a senior member of the Scudder quality growth equity-management team; and previously held roles with American Express Investment Management, ISI Corporation, First National Bank of Chicago, and CNA Financial. Joanne has a BBA, Phi Beta Kappa, and an MBA in finance both from the University of Wisconsin –Madison. She is a CFA charterholder, a member of the CFA Society of San Francisco, and a member of the Financial Women’s Association of San Francisco.
“It was an easy decision to join Bailard,” said Joanne. “They exhibit such a strong commitment to serving their clients and upholding their values, each and every day. I look forward to contributing to the company’s success and continued growth.”
Bailard CEO Peter Hill shared that, “bringing Joanne on board is an excellent reflection of Bailard’s dedication to retaining the best and brightest. Her phenomenal research expertise and portfolio management are no exception. We are always working to build a team comprised of those with intellectual curiosity, compassion for others, and a passion for excellence.”
About Bailard Inc.
With over 50 years of experience, Bailard is a values-driven wealth and investment management firm. For individuals and institutions alike, Bailard proudly serves as a trusted partner focused on achieving long-term results aligned with client values and goals. An independent firm since our founding in 1969, we stand committed to our values and, most importantly, our clients. With $4.4 billion AUM as of December 2020, Bailard’s high-touch client service and proven track record are grounded in the firm’s core values of accountability, compassion, courage, excellence, fairness, and independence. To learn more about Bailard, please visit: https://bailard.com/.
* All investments involve a risk of loss. There is no guarantee any strategy will achieve its objectives. Bailard will not offer advice in any jurisdiction where it is prohibited from doing so.