Founded in 1919, Baird is an international fi nancial services Much has changed since our founding, but we know our fi rm with more than $355 billion in client assets1. We business is still fundamentally about trust, partnership and provide Private , Asset Management, building better futures for our clients and in the communities , Capital Markets and we share. What we call The Baird Way represents the BairdFacts services to clients through our offi ces in the United States, responsibility that comes with this understanding. It is the April 2021 Europe and Asia. As employee-owners, we manage for the foundation of core beliefs we share, the promise we make long term, continuously building capabilities to best serve to each other and our inspiration to provide the best advice clients. And we conservatively manage our balance sheet and service for our clients while being the best place to work and capital position to maintain fi nancial fl exibility in for our associates. all types of market conditions.

$ 355 billion 100 Best ×18 4,500 employees No.1 Assets in Client Accounts A Great Place to Work Global Perspective Commitment to Excellence Baird’s clients trust us with For 18 years in a row, Baird has been Baird has approximately 4,500 In 2020, small-cap and mid-cap more than $355 billion in assets recognized as one of the Fortune 100 employees and over 200 locations in institutional fund managers ranked as of December 31, 2020. Best Companies to Work For®. the United States, Europe and Asia. Baird No. 1 overall for quality in sales, In 2021, Baird achieved a perfect corporate access and research.3 100% on the Human Rights Campaign Since 2009, Baird has ranked as the Foundation’s Corporate Equality No. 1 municipal bond underwriter Index for the fifth consecutive year. nationwide.4

History Revenues Founded in 1919, headquartered in , Wisconsin. 2020 revenues were $2.33 billion,2 a firm record.

Member NYSE Baird Foundation Robert W. Baird & Co. has been a member of the New York Stock Exchange since 1948. Baird Foundation gave $5.2 million to qualified nonprofits in 2020.

Ownership Senior Executive Baird is employee-owned, privately held and independent. More than two-thirds Steven G. Booth, Chairman, President & Chief Executive Officer of our employees own Baird stock. For more than 100 years, Baird’s capabilities have grown with our clients’ needs. Our five A Century complementary businesses help diversify and balance revenue through all types of market of Growth conditions. Our structure and independence give us the financial strength to make ongoing investments in the professional expertise and distinctive culture that make Baird a trusted & Success partner for individuals, municipalities, corporations and institutions around the world.

Private Wealth Asset Fixed Income Investment Banking/ Private Equity Management Management Capital Markets Equity Capital Markets Baird Private Wealth Management Baird Advisors Fixed Income Sales & Trading Advisory & Financing Services Global Private Equity (U.S., U.K., Asia) Hilliard Lyons Trust Baird Equity Asset Management Public Finance Equity Research, Sales, Trading U.S.

Baird’s Wealth Management Baird’s fixed income and equity Baird’s Fixed Income Sales & Baird’s Global Investment Banking Baird Capital, our private equity professionals provide comprehensive portfolio managers offer disciplined Trading team provides investment group provides M&A, debt business, makes venture capital, wealth management strategies investing and outstanding service ideas and trade execution for U.S. advisory and equity financing growth equity and buyout and solutions for high-net-worth to institutional investors and institutional clients. Our Public services to companies, investments in lower middle-market individuals and their families across individuals through customized Finance professionals offer debt entrepreneurs and private equity companies in the Industrial the United States. portfolios and mutual funds. underwriting and advisory services and venture capital firms. Our Solutions, Technology & Services to clients in the public, private and Institutional Equities business and Healthcare sectors. • 1,300 Financial Advisors • More than $112 billion in fixed income investments managed by nonprofit sectors. provides research, sales and • Investments made in more than 325 • More than 100 in-house specialists 1 trading expertise to institutional Baird Advisors • Approximately 140 institutional sales, portfolio companies since inception provide advice for all aspects of investors around the globe. wealth management, retirement • $8 billion in equity investments trading and analytics professionals • Over 40 investment, operating and planning, charitable giving and managed by our Growth, Value, Core, • Approximately 70 Public Finance • Approximately 375 banking support professionals in the United wealth transfer International, Global and Specialized bankers and analysts professionals serving clients globally States, Europe and Asia • Serves clients coast-to-coast from Asset Management teams in Baird • Advised on nearly 200 financing and • Dedicated global resources to help Equity Asset Management1 • Ranked as the No. 1 lead managing over 160 locations in 33 states underwriter in the nation by number advisory transactions in 2020 with a portfolio companies accelerate growth total value of more than $70 billion • Hilliard Lyons Trust, with more • Minority interests in RiverFront of issues, No. 3 for competitive issues • Active portfolio companies than $10 billion in assets, provides Investment Group and Greenhouse by par amount and No. 5 Municipal • More than 725 companies under have combined annual revenues asset management, estate Funds LP Advisor by number of issues in 2020, research coverage of $1.2 billion and more than settlement, wealth transfer, tax • A Best Place to Work in Money according to Ipreo MuniAnalytics • Arranged more than 30,000 company- 9,300 employees planning and trust services to Management for nine consecutive investor connections in 2020 high-net-worth clients years among firms our size according to Pensions & Investments • Strategas provides award-winning macro research to institutional investors and corporate executives More than More than for knowledge $ billion $ billion municipal bond of industries and $ billion in PWM in assets under No. underwriter No. companies in raised and 235 client assets1 12 0 management1 1nationwide4 1Greenwich survey3 3.8 managed1

Robert W. Baird & Co. Incorporated. Please visit our website at rwbaird.com for important information and disclosures. 1As of December 31, 2020. “Baird” is the marketing name for Robert W. Baird & Co. Incorporated and several of its subsidiaries and affiliates worldwide. 2Financial results do not reflect the consolidation of certain private equity partnerships. Robert W. Baird Limited (RWBL) and Baird Capital Partners Europe Limited (BCPE) are authorized and regulated in the U.K. ³Greenwich Associates’ 2020 surveys of North American Equity Investors. Surveys conducted with 91 small-cap and mid-cap fund by the Financial Conduct Authority (registered numbers are 124308 and 150154, respectively). RWBL and BCPE have approved managers and 228 U.S. buyside trading desks that use electronic trading, respectively. Rankings for qualitative metrics based on this information for distribution in the U.K. and Europe. leading research firms in surveys. 4Based on number of issues each year since 2009, according to Ipreo MuniAnalytics and . To learn more, call 800-79-BAIRD in the United States or +44 (0)20 7488 1212 in Europe, or visit us online at rwbaird.com. Trust services through Hilliard Lyons Trust, LLC, A Baird Company. ©2021 Robert W. Baird & Co. Incorporated. Member SIPC. First use: 4/2021. MC-580800. #1200.34