LourdMurray, an independent investment advisory and financial planning firm, has opened its New Orleans office.

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The new office will be headed by Peter Wright Jr, a former Raymond James financial advisor.

Wright, who has more than 23 years of experience in the financial advisory industry, worked as a senior vice president and branch manager in Raymond James & Associates’ Baton Rouge office.

Blaine Lourd, CEO and partner LourdMurray, said: "A presence in New Orleans will enable us to better serve our clients in this region of the country. I have every confidence that his dedication to our clients and his strong ties to the local community will have an immediate positive impact on this firm."

Wright said: "LourdMurray has a well-deserved reputation for always putting the interests of its clients first."

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LourdMurray manages approximately US $2.7 billion in assets under management as of 31 October 2013.