Stephen Michael Elder

Employer firm

Robert W. Baird & Co. Incorporated CRD 8158

$394B regulatory AUM 19,985 advisory clients

Reported services (Item 5G)

Financial planning
Portfolio management (individuals)
Portfolio management (investment companies)
Portfolio management (pooled vehicles)
Portfolio management (institutions)
Pension consulting

From the firm’s Form ADV. Read the guides:

Current Employers

Robert W. Baird & Co. Incorporated

777 E. Wisconsin Avenue, Milwaukee, WI 53202-5391 • United States

Current Registrations

Authority	Category	Status	Date
FL	RA	APPROVED	2024-10-22
TN	RA	APPROVED	2024-10-21
TX	RA	APPROVED_RES	2024-10-21

FL RA
APPROVED

Since 2024-10-22
TN RA
APPROVED

Since 2024-10-21
TX RA
APPROVED_RES

Since 2024-10-21

Branch Locations

4020 Aspen Grove Drive Suite 520, Franklin, TN 37067 • United States

Thompsons Station, TN • United States

Disclosures

1 disclosure category reported Yes on this SEC record. Read each Yes below, then review the firm’s Form ADV Item 11 guide for how disclosure questions work.

Regulatory action No
Criminal No
Bankruptcy No
Civil judicial No
Bond No
Judgment / lien No
Investigation No
Customer complaint Yes
Termination No

Employment History

Organization	City	State	From	To
J.J.B. Hilliard, W.L. Lyons, Inc	Murfreesboro	TN	06/2000	08/2017
Janney Montgomery Scott, Llc	Franklin	TN	08/2017	10/2024
Rw Baird	Franklin	TN	10/2024	Present

06/2000 → 08/2017

J.J.B. Hilliard, W.L. Lyons, Inc

Murfreesboro, TN
08/2017 → 10/2024

Janney Montgomery Scott, Llc

Franklin, TN
10/2024 → Present

Rw Baird

Franklin, TN

Previous Registrations

2017-08-18 → 2024-11-11

Janney Montgomery Scott Llc

Franklin, TN
2004-03-30 → 2017-08-22

J.J.B. Hilliard, W.L. Lyons, Llc

Murfreesboro, TN

Murfreesboro, TN

Other Businesses

Name/Address: Modus Investment VII, LLC 3219 East Camelback Road, #291 Phoenix AZ 85018 Start Date: 1/30/25 Hours Spent: 0-2 hours/month Hours Spent During Trading: 0-1 hours/month Role/Responsibility: Passive Investor Investment Related Name/Address: Single Sapling LLC 1009 North Highland Murfreesboro TN 37129 Start Date: Sep 01, 2026 Hours Spent: 0-3 hours/month Hours Spent During Trading: 0-3 hours/month Role/Responsibility: LLC Owner/Member Non Investment Related

Exams

Code	Exam	Date
S65	Uniform Investment Adviser Law Examination	2004-04-08
S63	Uniform Securities Agent State Law Examination	1997-10-31

S65 Uniform Investment Adviser Law Examination

2004-04-08
S63 Uniform Securities Agent State Law Examination

1997-10-31

Other Names

Steve Elder
Stephen M Elder

View on SEC IAPD