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.”
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Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
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