CalBay Investments CEO Mike Allard Named a Top Financial Advisor by Barron’s Magazine
DANVILLE, Calif. (PRWEB) June 11, 2018 -- CalBay Investments, Inc. (CBI) and Hillis Financial Services announced today that CalBay Investments CEO Mike Allard has been named to “Barron’s 2018 Top 1,200 Financial Advisors” ranking, the publication’s annual state-by-state listing of top financial advisors.
Represented by Allard, CalBay Investments ranked No. 116 in California. The annual ranking conducted by Barron’s Magazine recognizes standout advisors from across all 50 states based on assets under management, revenue generated by advisors for their firms, and the quality of the advisors’ practices. The Top 1,200 Advisors list is comprised of advisors with average client retention rates above 98 percent and who are often representing larger teams to deliver a broad range of services to clients.
“The Barron’s rankings represent a superior class of advisors across the country and we are extremely proud to be included on this list next to standout colleagues in our field,” said Allard. “Combining our two firms last year was a strategic move aimed at creating a dynamic firm and ensuring that we could offer a robust range of services that best suit our clients’ unique needs. Being named to the Barron’s list this year demonstrates that our firms are stronger together.”
CalBay Investments and Hillis Financial Services announced plans to merge assets in June 2017 as part of a long-term acquisition strategy in which CalBay Investments will absorb Hillis Financial Services when Jack Hillis, CEO of Hillis Financial Services, chooses to retire. Led by Allard and Hillis, two of LPL Financial's top Bay Area advisors*, the firms' financial professionals are dedicated to providing financial planning and asset management advice to individuals, corporate executives and business owners in the area. The combined firm services $847 million of client brokerage and advisory assets through LPL Financial with offices in Danville, San Jose and Santa Clara.
About CalBay Investments Inc.
CalBay Investments Inc. (CBI) is an independent, wealth management firm focused on providing comprehensive strategies for individuals, families and businesses in Northern California’s East and South Bay Areas. CBI believes that having the ability to provide independent and experienced advice is the first and foremost ingredient required in the pursuit of success for both clients and the firm. As independent representatives of LPL Financial, the financial professionals at CBI provide objective fee-based advice and services. With a focus on retirement and income planning, the financial professionals of CBI also provide comprehensive financial planning, tax strategies, education planning and value-added services. Many of its clients have been members of the CBI family for more than 20 years and the firm is pleased to welcome future generations to the CBI family. The firm has offices in Danville and Santa Clara. For more information, please visit http://www.calbayinvestments.com.
About Hillis Financial Services
Hillis Financial Services is an independent, personal wealth planning firm focused on managing the “irreplaceable assets” of its clients, families and individuals, many of whom are small business owners. The firm uses a conservative approach to its proactive client portfolio management, believing that managing downside risk can be more important in today’s economy than seeking upside growth. As independent representatives of LPL Financial, the financial professionals at Hillis Financial Services, primarily provide objective fee-based advice and services including personal financial, retirement, education, tax and estate planning; long-term care, charitable giving as well as risk management. The financial professionals build customized asset allocation portfolios of stocks, bonds and alternative investments for their clients. The team has more than 75 years collective experience in managing portfolios, and many clients have been with the firm’s advisors for more than 30 years. The firm is based in San Jose. For more information, please visit http://www.hillisfinancial.com.
About LPL Financial
LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), is a leader in the financial advice market and provided service to $550 billion in advisory and brokerage assets as of July 31, 2017. LPL is one of the fastest growing RIA custodians and is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine June 1996-2017). The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and over 700 financial institutions, enabling them to help their clients turn life's aspirations into financial realities. Advisors associated with LPL also serviced an estimated 46,000 retirement plans with an estimated $138 billion in retirement plan assets, as of June 30, 2017. LPL also support approximately 4,000 financial advisors licensed and affiliated with insurance companies with customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have 3,400 employees with primary offices in Boston, Fort Mill, and San Diego. For more information, please visit http://www.lpl.com.
The Financial Consultants of CalBay Investments and Hillis Financial Services are also Registered Representatives with and securities and advisory services are offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
*This distinction is based on an annual production ranking of registered financial advisors supported by LPL Financial
Morgan Sanders, KCD PR, https://www.kcdpr.com/, +1 619-308-6491, [email protected]
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