In a new strategic direction, Washington Wealth Management, a two-year old firm that has been growing on a tear by luring advisors from wirehouses, has joined LPL, bringing $750 million in assets under management to the country's largest independent broker-dealer.
The move follows on the heels of the departure earlier this year of San Diego-based firm's founder Anthony Sirianni, who left to start a new venture. The LPL alliance appears to mark a departure from Sirianni's strongly voiced convictions about creating a thoroughly independent company for ex-wirehouse advisors who are driving the firm's growth.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access