Rapidly growing Washington Wealth Management opened its Los Angeles office Monday with a breakaway group of three advisors from Wells Fargo, who said changes at the bank forced their hand.
“When we moved to Wells Fargo five years ago or so, I was hoping to end my career there,” said Rick Montejano who, along with his two partners David Yee and Jeff Mramor, took $120 million in assets under management and $1.4 million in revenues from the bank Friday. “But after 2008 and 2009, the whole landscape changed.”
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