SAN DIEGO, July 20, 2015 /PRNewswire/ -- Washington Wealth Management LLC (WWM), an independent hybrid Registered Investment Advisor (RIA) supporting fee and commission-based independent advisor practices across the nation, today announced that wirehouse veterans David Hughes, Scott Sade and Jonathan Woods have affiliated with the firm after departing from Wells Fargo Advisors and Morgan Stanley respectively. Collectively, Mr. Hughes, Mr. Sade and Mr. Woods have more than 90 years of experience in the financial service industry and manage approximately $290 million in total client assets.
Rob Bartenstein, CEO of Washington Wealth Management, said, "We are extremely pleased that David, Scott and Jonathan have decided to join our platform. While there is no question that each has a unique set of skills and a deep understanding of the industry, ultimately what makes them skilled advisors and a great fit for our firm is their shared history of delivering positive outcomes for their clients. Their decision to affiliate with WWM underscores the strength of our value proposition and further confirms that we have become a leading destination for former wirehouse advisors who seek the benefits of true independence, but at the same time still want to leverage a robust set of operational, compliance and service support systems."
As part of his transition, Scott Sade, who managed approximately $200 million in client assets at his prior firm, has affiliated with WWM as a newly formed, standalone independent practice, The Sade Group Private Wealth Management. Headquartered in Stuart, FL, The Sade Group Private Wealth Management provides multigenerational financial planning to mass affluent individuals, families and small business owners as well as high-net-worth retirees. Mr. Sade's firm focuses on delivering high-touch, holistic wealth management, investment management, retirement planning and estate planning advice.
Mr. Sade, Founder and Managing Director of The Sade Group Private Wealth Management, said, "My desire to build an advisory practice that blended sophisticated financial planning and investment management advice with a concierge-like approach to client service led me directly to Washington Wealth Management. The open architecture platform offered by WWM and NFP Advisor Services was a distinguishing factor, and ultimately offered me the best opportunity to expand my business over the long-term and address my clients' highly personalized, day-to-day financial planning needs."
As part of his transition, David Hughes, who managed approximately $50 million in client assets at his prior firm, has affiliated with WWM as a newly formed, standalone independent practice, DJH Financial Services. Headquartered in Woodland Hills, CA, DJH Financial Services offers mass affluent and high-net-worth individuals access to traditional wealth management and financial planning advice. More information is available at djh.financial.
Mr. Hughes, Founder of DJH Financial Services, said, "I have a clear understanding of how I would like to run my practice, and in Washington Wealth Management I finally have a partner that is completely aligned with both my business objectives and my commitment to offer clients unbiased, independent financial planning advice. Thanks to WWM's support, I am no longer limited by a top-down approach and can truly craft customized plans for each client, while also folding in more sophisticated investment services and options."
As part of his transition, Jonathan Woods, who managed approximately $40 million in client assets at his prior firm, has affiliated with WWM as a newly formed, standalone independent practice, Woods Asset Management. Headquartered in Darien, CT, Woods Asset Management provides wealth management and financial planning services to individuals and families, with a special focus on portfolio management.
Mr. Woods, Founder and Chief Investment Officer at Woods Asset Management, said, "After an extensive search and due diligence process, it was evident that Washington Wealth Management has the right team in place to fully support my transition to independence. I am more confident than ever that this is not only the best move for my firm but also my clients, who will now benefit from my ability to deliver a more a highly personalized level of service."
Mr. Bartenstein concluded, "The professionalism and dedication to service that David, Scott and Jonathan exemplify are fundamental to the culture we are building at Washington Wealth Management. Through a combination of leading turnkey practice management support and resources, all offered with the widest possible scope of affiliation choices, we believe we will continue to attract high-caliber advisors that are interested in providing personalized client service that is simply not available in a wirehouse environment."
The Washington Wealth Management RIA is a wholly-owned subsidiary of NFP and operates under its own brand and leadership team within NFP's independent advisor-focused business group, NFP Advisor Services.
ABOUT WASHINGTON WEALTH MANAGEMENT
Based in San Diego, CA, Washington Wealth Management LLC (WWM) is a hybrid registered investment adviser (RIA) supporting fee and transaction-based independent financial advisor teams across the nation. WWM was established by wirehouse veterans with the express purpose of enabling former wirehouse financial advisors to achieve independence and growth. The firm's platform is comprised of an independent RIA, and a multi-custodian offering, in association with NFP's independent broker/dealer, in order to provide its financial advisors with an open architecture platform and independence across both fee and transaction-based business models. WWM was named one of the 50 fastest-growing RIA firms by Financial Advisor magazine in its 2014 rankings, and was recognized by the Financial Times in its 2014 list of the top 300 RIA firms in the United States. WWM has offices in San Diego, Los Angeles and Orange County, CA; Westport, CT; Middleburg, VA; Stuart, FL and Salt Lake City, UT. More information is available at http://www.washwm.com.
At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client's goals. We are a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions. Our registered investment adviser and broker-dealer empowers independent financial advisors with integrated technology, subject matter expertise and a suite of customized services.
NFP has more than 3,300 employees and global capabilities. Our expansive reach gives us access to the most highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We have become one of the largest insurance brokerage; consulting and wealth management firms by building enduring relationships with our clients and helping them realize their goals.
Recently NFP was ranked by Business Insurance as the 5th largest global benefits broker by revenue, the 4th largest US-based privately owned broker and the 11th largest broker of US business. In addition, PlanSponsor named us the 5th largest executive benefits provider of nonqualified deferred compensation by number of plans, and we were ranked 11th in personal lines P&C revenue by Insurance Journal. Our independent broker-dealer ranked 11th in annual revenue by Investment Advisor, and Rep ranked it the 6th highest in advisor production by assets under management. For more information, visit www.nfp.com. NFP Advisor Services, LLC (NFPAS) member FINRA/SIPC. NFPAS is affiliated with NFP and WWM.
SOURCE Washington Wealth Management LLC