A Baton Rouge, Louisiana-based team that had managed $327 million at LPL Financial is affiliating with Summit Financial Networks, a unit of Cetera Advisor Networks, Cetera announced Thursday.
Hays Breard Financial Group is led by Michael Breard and Ray Hays, both with 20 years of experience. They had been affiliated with LPL since 2009.
Cetera noted that the firm is best known in Baton Rouge for “its annual 1,500-pound crawfish boil – a unique client appreciation event.”
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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