Finance & Insurance
As a natural trading center for hundreds of years, the Milwaukee Region has perfected the financial tools needed to facilitate commerce – access to capital, investment management services and equity trading. Approximately seven percent of the region’s workforce is employed in the financial services sector, which is second only to Boston. The region's finance and insurance cluster generates $8.9 billion in gross regional product and employs more than 45,000 workers.
The Milwaukee Region sets the standard for insurers nationwide. Northwestern Mutual, the world’s largest provider of individual life insurance plans, manages more than $87 billion in client investment assets and employs more than 5,000 at its campuses in downtown Milwaukee and suburban Franklin. Mortgage Guaranty Insurance Corp. (MGIC) is the nation’s leading provider of private mortgage insurance.
Several leading financial institutions, including BMO Harris Bank, Chase, Johnson Bank, U.S. Bank and Wells Fargo have major operations in the area. The region also is home to Robert. W. Baird, a global private equity, research and financial services firm with offices in Germany, England, China and Hong Kong. Several investment management companies have major operations here, including Artisan Partners, Fiduciary Management, Wells Fargo Wealth Management and Heartland Advisors.
MAJOR FINANCIAL SECTOR EMPLOYERS
|MGIC Investment Corp.||1,200|
|FINANCIAL INSTITUTIONS/INVESTMENT MANAGEMENT|
|BMO Harris Bank||4,070|
|Robert W. Baird & Co.||1,000|