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.”
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
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Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
