Nickel Hayden grows municipal advisory team

BY SourceMedia | MUNICIPAL | 03/10/26 12:56 PM EDT

Lucas Janda and Eduardo Cabrera have joined Nickel Hayden Advisors, bringing its staff of registered municipal advisors to seven, the Austin, Texas-based firm announced.

"These additions reflect the continued growth of our firm and the increasing demand for independent financial advisory services in Texas," Nickel Hayden CEO Rudy Mejia said in a statement on Monday. "Lucas brings deep experience and longstanding relationships across the school district market and Eduardo strengthens our ability to serve clients as our work continues to expand."

Janda, a principal municipal advisor at the veteran-owned firm, has more than 15 years of public finance experience, serving public schools in roles including auditor, chief financial officer, and municipal advisor, according to the statement. Cabrera, a firm director, brings five years of experience advising public entities on municipal financings.

Both previously worked at Frost Bank.

Since 2024, Nickel Hayden has advised on approximately $4.28 billion in municipal financings across Texas, primarily in the K-12 education sector, according to the firm.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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