Baird, an employee-owned, international wealth management, asset management, investment banking/capital markets, and private equity firm announced it has completed the final phase the previously announced acquisition of Pittsburgh-based Hefren-Tillotson.

The new firm will continue to operate locally from the company’s six offices, including Butler, in the Greater Pittsburgh area under the Baird name.

As a result of the acquisition, Baird’s wealth management business will now encompass about 1,400 financial advisers serving clients from over 160 offices across the United States.

“It gives me great pleasure to welcome and celebrate the addition of Hefren-Tillotson’s associates and clients to the Baird family,” said Steve Booth, Baird chairman, president and chief executive officer. “Pittsburgh is an important priority, and we are excited to focus resources to build on Hefren-Tillotson’s deep roots and a nearly 75-year legacy of exceptional client service.”