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Breakaway broker managing $750 million joins LPL

$750 million

Hugh Lau is leaving D.A. Davidson to start his own firm in Lincoln, Nebraska.

Hugh Lau, who managed $750 million at D.A. Davidson, has created Lau Financial Group in Lincoln, Nebraska, and affiliated with LPL Financial, using the firm’s service offering for breakaway brokers, LPL Strategic Wealth Services.

Lau has 21 years of experience, according to his BrokerCheck report, and had been affiliated with D.A. Davidson since 2009.

Lau was joined in the move by JoAnn Kreitman, his branch operations manager.

[More: LPL hauls in Elite Financial Network from Securities America]

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