Patricia P. Baum
RBC CAPITAL MARKETS | Managing Director - Financial Advisor, Senior Portfolio Manager- Portfolio Focus
ANNAPOLIS, MD 21401-3686
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CRD#: 1454297
Patricia Purnell BaumRBC CAPITAL MARKETS
Professional summary
Patricia Purnell Baum, CPWA®, who also goes by Ann Bafford, Patricia Purnell Bafford, Patti Bafford, is a registered financial advisor currently at RBC CAPITAL MARKETS, LLC located in Annapolis, Maryland.
Patricia is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1986. Patricia has worked at 4 firms and has passed the Series 65, Series 63, SIE, Series 31, Series 7, Series 9, Series 10 and Series 8 exams.
At a Glance
Min. Asset: $1M–$5M
250–500 clients
Services Offered
Financial Planning
Estate & Legacy Planning
Investment Management
Retirement Planning
Biography
Patti has been a Financial Advisor and Wealth Manager with RBC Wealth Management since 1998. She began her career in 1985 as a Financial Advisor with Alex. Brown & Sons. Patti is part of RBC’s Private Wealth Group, a select group of advisors serving high net worth individuals and institutions. She is a member of the firm’s Senior Consulting Group, and has been consistently named to the firm’s Chairman’s Council, membership which is offered to RBC’s top 150 advisors. In conjunction with the University of Chicago, Booth School of Business, Patti completed the Certified Private Wealth Advisor (CPWA®) program. This rigorous study helps wealth advisors develop specific strategies for high net worth families, with the goal of minimizing taxes, accumulating and protecting assets, maximizing growth of capital, and transferring wealth to the next generation.
Patti earned a bachelor’s degree from Duke University in 1978, graduating summa cum laude, and earning membership to the Phi Beta Kappa honorary society. In 1991, she graduated from the Wharton School Securities Industry Institute program. In addition, she has completed the US SIF Foundation Course: Fundamentals of Sustainable and Responsible Investment from the Center for Sustainable Investment Education.
Patti plays an active role in the Baltimore-Annapolis community. She is currently on the Board of Trustees and is Co-Chair of The Baltimore Community Foundation, where she serves as Chair of the Investment Committee. She is also on the Board of Overseers and Investment Committee for the Baltimore School for the Arts, which is a leading pre-professional arts high school. In addition, she serves on the Board of the Rosa Parks Museum in Montgomery, Alabama.
Patti has been recognized as an outstanding leader in Anne Arundel County. She previously served on several local boards, including the YWCA of Anne Arundel County, The Key School, and Maryland Hall for the Performing Arts.
Aliases
Ann Bafford | Patricia Purnell Bafford | Patti Bafford
Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
(1) BALTIMORE COMMUNITY FOUNDATION; ADDRESS: 2 E READ STREET 9TH FL BALTIMORE, MD 21202; BUSINESS DESCRIPTION: COMMUNITY FOUNDATION; NOT INVESTMENT RELATED; START DATE: 06/25/2014; CAPACITY: BOARD OF DIRECTORS, COMMITTEE/COUNCIL MEMBER; DUTIES: ATTEND FOUR BOARD MEETINGS ANNUALLY, CHAIR INVESTMENT COMMITTEE/WORKING WITH AN INVESTMENT CONSULTANT TO GUIDE THE FOUNDATION ENDOWMENT FUNDS; HOURS DEVOTED PER WEEK: 5; HOURS DEVOTED DURING SECURITIES HOURS PER WEEK: 1. (2) ROSA PARKS MUSEUM; ADDRESS: 252 MONTGOMERY STREET, MONTGOMERY, AL 36104; NOT INVESTMENT RELATED; BUSINESS DESCRIPTION: MUSEUM, CAPACITY: BOARD OF DIRECTORS; START DATE: 11/13/2018; DUTIES: ADVISORY ROLE ONLY; HOURS DEVOTED PER MONTH: 1; HOURS DEVOTED DURING SECURITIES HOURS PER MONTH: 1. (3) Name of business: Purnell Realty Business Description: Building Whether the business is investment-related: no Address:107 West Main Street Salisbury, MD 21801 Capacity: Owner - Passive Start Date: 06/13/19 Duties: I have no duties to perform in this. Hours devoted per month: 0 Hours devoted during securities hours per month: 0 (4) NAME OF ENTITY: Charles C. Baum Foundation ADDRESS: 457 Holly Farms Road, Severna Park, MD 21146; 1906 Town Center Blvd, Severna Park, MD 21146 INVESTMENT/NOT INVESTMENT RELATED: Yes BUSINESS DESCRIPTION: Foundation/Charitable Institution START DATE: Oct 24, 2015 CAPACITY: Director, Officer DUTIES: I am the President of this family foundation; I am primarily responsible for making grants to community organizations that my late husband supported. I also manage the investments, but there are very few changes made. HOURS DEVOTED PER MONTH: 0 - 4 Hours HOURS DEVOTED DURING SECURITIES HOURS PER MONTH: 0 - 4 Hours (5) NAME OF ENTITY: Johns Hopkins Department of Neurology ADDRESS: 601 N. Caroline Street Baltimore MD 21287 INVESTMENT/NOT INVESTMENT RELATED: No BUSINESS DESCRIPTION: Foundation/Charitable Institution START DATE: Jun 01, 2026 CAPACITY: Board of Directors DUTIES: I am on an Advisory Board for the Johns Hopkins Dept of Neurology - this is a board to raise awareness of the work being done by the Department Chair, and to support and be an ambassador for all of the medical research in neurology department at Johns Hopkins Medicine. HOURS DEVOTED PER MONTH: less than 1 HOURS DEVOTED DURING SECURITIES HOURS PER MONTH: less than 1
CRS (Client Relationship Summary) - RIA
Click below to view Patricia Purnell Baum's CRS (Customer Relationship Summary).
CRS (Client Relationship Summary) - BD
Click below to view Patricia Purnell Baum's CRS (Customer Relationship Summary).
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
CPWA®
Start date: 2014-10-27
Expire date: 2024-09-30
Education
Management
1974 - 1978
Experience
Current
January 1, 2000 - Present
RBC CAPITAL MARKETS, LLC
Office #1: 1906 Towne Centre Blvd Suite 375, Bldg #4, Annapolis, MD 21401-3686RIA
BD
CRD#: 31194
ANNAPOLIS, MD
Current
March 9, 2002 - Present
RBC CAPITAL MARKETS, LLC
Office #1: 1906 Towne Centre Blvd Suite 375, Bldg #4, Annapolis, MD 21401-3686RIA
BD
CRD#: 31194
ANNAPOLIS, MD
Past
May 21, 1999 - March 9, 2002
TUCKER ANTHONY INCORPORATED
BD
CRD#: 837
BOSTON, MA
Past
September 1, 1997 - May 26, 1999
DB ALEX. BROWN LLC
BD
CRD#: 17790
BALTIMORE, MD
Past
January 22, 1986 - September 1, 1997
ALEX. BROWN & SONS INCORPORATED
BD
CRD#: 20
Primary Firm SEC Registration
This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
RC
RBC CAPITAL MARKETS, LLC
DAIN RAUSCHER INC | REGIONAL OPERATIONS GROUP, INC. | RBC WEALTH MANAGEMENT | RBC DAIN RAUSCHER INC. | RBC DAIN RAUSCHER | RBC CORRESPONDENT SERVICES | RBC CLEARING AND CUSTODY | RBC CAPITAL MARKETS, LLC | RBC CAPITAL MARKETS CORPORATION | RBC ADVISOR SERVICES | INTERRA CLEARING SERVICES, INC. | DAIN RAUSCHER INCORPORATED
CRD#: 31194 / SEC#: 801-13059, 8-45411
RIA
Registered Investment Advisory firm - SEC (6/2/1977 Approved)BD
Broker-Dealer Firm Regulated by FINRA (New York district office)
State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.RR
indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.Visual representation of state registrations
RR
Alaska(3/15/2007)
RR
Arizona(3/9/2002)
RR
California(3/9/2002)
RR
Colorado(3/9/2002)
RR
Connecticut(3/9/2002)
RR
Delaware(9/6/2011)
RR
District of Columbia(3/9/2002)
RR
Florida(3/9/2002)
RR
Georgia(3/9/2002)
RR
Hawaii(7/31/2023)
RR
Illinois(3/9/2002)
RR
Kansas(10/28/2013)
RR
Kentucky(6/26/2023)
RR
Maine(3/9/2002)
IAR
Maryland(1/1/2000)
RR
Maryland(3/9/2002)
RR
Massachusetts(3/9/2002)
RR
Michigan(3/9/2002)
RR
Minnesota(3/9/2002)
RR
Mississippi(2/28/2012)
RR
Missouri(2/9/2022)
RR
Nebraska(2/24/2016)
RR
Nevada(7/3/2013)
RR
New Hampshire(5/4/2015)
RR
New Jersey(3/9/2002)
RR
New Mexico(9/4/2012)
RR
New York(3/9/2002)
RR
North Carolina(3/9/2002)
RR
Ohio(6/8/2009)
RR
Oregon(3/9/2002)
RR
Pennsylvania(3/9/2002)
RR
Rhode Island(3/9/2002)
RR
South Carolina(3/9/2002)
RR
South Dakota(3/28/2017)
RR
Tennessee(7/26/2024)
RR
Texas(3/9/2002)
IAR
Texas(2/19/2010)
RR
Utah(9/21/2010)
RR
Vermont(3/9/2002)
RR
Virginia(3/9/2002)
RR
Washington(3/9/2002)
RR
West Virginia(3/11/2020)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
RR
Series 8
Date: 10/21/1994
General Securities Sales Supervisor Examination (Options Module & General Module)SRO Registrations
RR
BOX Exchange LLC
SRO Registrations
RR
Cboe BYX Exchange, Inc.
SRO Registrations
RR
Cboe BZX Exchange, Inc.
SRO Registrations
RR
Cboe C2 Exchange, Inc.
SRO Registrations
RR
Cboe EDGA Exchange, Inc.
SRO Registrations
RR
Cboe EDGX Exchange, Inc.
SRO Registrations
RR
Cboe Exchange, Inc.
SRO Registrations
RR
FINRA
SRO Registrations
RR
Investors' Exchange LLC
SRO Registrations
RR
Long-Term Stock Exchange, Inc.
SRO Registrations
RR
MEMX LLC
SRO Registrations
RR
MIAX PEARL, LLC
SRO Registrations
RR
NYSE American LLC
SRO Registrations
RR
NYSE Arca, Inc.
SRO Registrations
RR
NYSE National, Inc.
SRO Registrations
RR
NYSE Texas, Inc.
SRO Registrations
RR
Nasdaq GEMX, LLC
SRO Registrations
RR
Nasdaq ISE, LLC
SRO Registrations
RR
Nasdaq PHLX LLC
SRO Registrations
RR
Nasdaq Stock Market
SRO Registrations
RR
Nasdaq Texas, LLC
SRO Registrations
RR
New York Stock Exchange
Current Firm
RC
RBC CAPITAL MARKETS, LLC
DAIN RAUSCHER INC | REGIONAL OPERATIONS GROUP, INC. | RBC WEALTH MANAGEMENT | RBC DAIN RAUSCHER INC. | RBC DAIN RAUSCHER | RBC CORRESPONDENT SERVICES | RBC CLEARING AND CUSTODY | RBC CAPITAL MARKETS, LLC | RBC CAPITAL MARKETS CORPORATION | RBC ADVISOR SERVICES | INTERRA CLEARING SERVICES, INC. | DAIN RAUSCHER INCORPORATED
CRD#: 31194 / SEC#: 801-13059, 8-45411
RIA
Registered Investment Advisory firm - SEC (6/2/1977 Approved)BD
Broker-Dealer Firm Regulated by FINRA (New York district office)
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Contact information
Main Address
200 Vesey St., New York, NY 10281
Mailing Address
250 Nicollet Mall Suite 1600, Minneapolis, MN 55401
Phone number
(612) 371-2811
Established
Minnesota since 11/01/2010
Firm type
Limited Liability Company
Fiscal year end
October
Firm Size
Large
# of Employees
8,781
SEC notice filing (52 States and Territories)
FINRA licenses (53 States and Territories)
Documents
Direct owners and executive officers
| Name | Position | CRD# |
|---|---|---|
| RBC USA HOLDCO CORPORATION | DIRECT OWNER | |
| CARLESIMO, PAUL ADAM | CHIEF COMPLIANCE OFFICER, RBC CAPITAL MARKETS - U.S. | 4718504 |
| ESPENAK, KRISTEN ELIZABETH | CHIEF RISK OFFICER, USA | 5570750 |
| GIEGERICH, ROBERT ARTHUR | PRINCIPAL FINANCIAL OFFICER | 5736294 |
| GLASSMAN, DORJE TSERING | CO-HEAD OF U.S. CAPITAL MARKETS LAW GROUP | 6568226 |
| LISCHIN, MATTHEW CODY | CO-HEAD OF U.S. CAPITAL MARKETS LAW GROUP | 4974723 |
| O'CONNOR, SEAN WALTER | CHIEF COMPLIANCE OFFICER, RBC WEALTH MANAGEMENT - U.S. | 6578918 |
| PENN, JOHN CHRISTOPHER | GENERAL COUNSEL | 5135403 |
| SAGISSOR, THOMAS STEVEN | PRESIDENT OF RBC WEALTH MANAGEMENT | 2429425 |
| SCHREINER, CINDY LOUISE | US WEALTH MANAGEMENT PRINCIPAL OPERATIONS OFFICER | 1470050 |
| SPERDUTO, VITO ANTONIO | DIRECTOR, CEO OF U.S. CAPITAL MARKETS & CHAIRMAN OF THE BOARD | 2524961 |
| THORNE, BRETT LANE | PRESIDENT, RBC CLEARING & CUSTODY | 2523268 |
| THURLOW, JOHN J | CHIEF OPERATING OFFICER | 5726613 |
Regulatory assets under management
| Total Number of Accounts | 511,871 |
| AUM (Assets Under Management) | $ 310,428,968,904 |
Disclosures
| Regulatory Event | 367 |
| Civil Event | 3 |
| Arbitration | 114 |
| Bond | 7 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 10/28/2025 | ||
| 08/27/2024 | ||
| 09/14/2023 |
Red Flags
Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.
Check for any disclosures as part of your thorough research when choosing an advisor.
Company Information
RBC CAPITAL MARKETS, LLC
Managing Director - Financial Advisor, Senior Portfolio Manager- Portfolio FocusCRD#: 31194Annapolis, MD 21401-3686TRUST BUT VERIFY
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Contact information
(xxx) xxx-xxxx
xxxxx@xxxx.xxx
