San Diego, CA (PRWEB) March 13, 2013
Washington Wealth Management LLC (WWM or "the firm"), an independent hybrid Registered Investment Advisor (RIA) supporting fee and commission-based independent advisor teams across the nation, today announced that it has recruited Pearce Saunders Murray Wealth Management to its platform and simultaneously opened a new 3,500 square foot office in Brea, California. The group, comprised of three veteran advisors with over 70 years of combined industry experience, has approximately $160 million in assets under management and will be WWM’s first team based in the new office.
The addition of Pearce Saunders Murray Wealth Management further demonstrates the strength of WWM’s value proposition as an ideal destination for talented former wirehouse advisors seeking to expand their practices by transitioning to the independent channel. The win also builds on Washington Wealth Management’s track record of rapid growth, as the firm has increased recruited assets under management from $100 million in December 2011 to over $1 billion currently.
David Richman, Washington Wealth Management’s Market Area Director for Southern California, said, “We are proud and excited to announce the addition of Pearce Saunders Murray Wealth Management to our platform and the opening of our new office location in Orange County. This dual announcement demonstrates both the strength of Washington Wealth Management’s commitment to building a substantial presence in Southern California and the proven ability of our multi-custodial platform to attract best-in-class advisory talent by setting them free from the constraints of the wirehouse world.”
Pearce Saunders Murray Wealth Management is an independent financial services practice that serves high net worth families and individuals as well as institutions across all areas of investment planning, including investments, estate planning, retirement planning, education funding and risk management, with a primary focus on fee-based business. The team includes veteran advisors Janet Pearce, Bradley Saunders and Krista Murray, all of whom were previously with Morgan Stanley. Both Mr. Saunders and Ms. Murray have been named Five Star Advisors in Orange County by Five Star Professional in recognition of their exceptional client service quality.
WWM’s Orange County office includes space for several additional teams, demonstrating both the firm’s commitment to the region and its confidence in its ongoing recruiting efforts. Mr. Saunders, who has also served as a Regional Director for Morgan Stanley with responsibility for Southern California and Las Vegas, will leverage his strong established ties in the area to assist in WWM’s recruiting efforts in Orange County.
Janet Pearce, co-founder and Managing Partner of Pearce Saunders Murray Wealth Management, said, “We are extremely pleased to join Washington Wealth Management as the first team in the firm’s new Orange County office. The move to independence is a significant step that our team has considered very carefully, and after our extensive diligence process, it was clear to us that WWM’s platform will provide us opportunities to grow our practice and serve our clients that are second to none in the industry.”
Bradley Saunders, co-founder and Managing Partner of Pearce Saunders Murray Wealth Management, said, “As a veteran advisor and wirehouse executive with extensive ties in Southern California, I am excited not only to be part of WWM, but to help build its presence in Orange County by helping other successful advisors capitalize on the opportunities of real independence.”
Krista Murray, Managing Partner of Pearce Saunders Murray Wealth Management, said, “Washington Wealth Management has built a platform and a team that truly enable successful wirehouse advisors to realize the extraordinary benefits of independence, both for themselves and their clients. We look forward to building our practice as part of the WWM team.”
Mr. Richman concluded, “Wirehouse advisors are looking for alternatives to build their practices while continuing to provide world-class service for their clients. Our multi-custodial hybrid platform gives us a unique ability to meet those demands, while our team’s track record working in the wirehouse space enables us to understand advisors’ needs on a personal and immediate level. Pearce Saunders Murray Wealth Management’s decision to join our platform illustrates again that top-tier professionals in the wirehouse sector are rapidly realizing the value that Washington Wealth Management offers, and they are ready to take the next step toward freedom and growth."
About Washington Wealth Management
Based in San Diego, CA, Washington Wealth Management LLC (WWM) is an independent hybrid Registered Investment Advisor (RIA) supporting fee and commission-based independent financial advisor teams across the nation. WWM was established by former wirehouse veterans with the express purpose of enabling former wirehouse financial advisors to achieve freedom, independence and growth. The firm’s platform is comprised of an independent Registered Investment Advisor (RIA), a non-affiliated broker-dealer and a multi-custodian offering, in order to provide its financial advisors with a conflict-free, open architecture platform and full independence across both fee and commission-based business models. WWM has offices in San Diego, Los Angeles and Brea, CA; Las Vegas, NV; Seattle, WA; Westport, CT; Middleburg, VA; and Miami, FL. More information is available at http://www.washwm.com.
About Pearce Saunders Murray Wealth Management
Pearce Saunders Murray Wealth Management is an independent financial services practice based in Brea, California, providing investment advisory, estate planning, retirement planning, education funding and risk management services to high net worth families and individuals as well as institutions. The group emphasizes client education and outstanding service and seeks to make a positive difference in the quality of clients' lives through deep, long-term relationships based on honesty, trust and effective communication.
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Washington Wealth Management Media Contacts
Chris Clemens / Jessica Caris
Haven Tower Group LLC
(206) 420-1525 or (646) 594-3855
cclemens(at)haventower.com or jcaris(at)haventower.com