James L Poer

NFP acquires Washington Wealth Management

NFP has acquired Washington Wealth Management (WWM), an independent hybrid registered investment advisor established to enable advisors achieve independence and build equity in their own businesses.

The transaction positions WWM and NFP Advisor Services Group to jointly provide the tools and resources needed by advisors to smoothly transition to the independent advisor space.
 
Based in San Diego, WWM supports fee and hybrid independent financial advisor teams across the nation. Currently supporting 10 advisor teams servicing nearly USD800m in client assets, WWM provides solutions and services that are complementary to the NFP Advisor Services Group suite of resources.
 
James L Poer (pictured), president, NFP Advisor Services Group, says: "We are very pleased to partner with WWM, a clear leader in a vibrant space where we see significant opportunities to provide valuable support to advisors who would like to transition to the independent model. Our partnership reflects the strength of our industry-leading platforms that serve advisors with creative and best-in-class solutions."
 
Robert Bartenstein, chief executive of WWM, says: "In NFP, we have found the perfect partner to help us execute on our full-service transition model for advisors who determine independence is a better arena in which to do business on behalf of their clients. The combined solution is a true integrated approach, from back office support to advisor-facing technology, all within a welcoming environment filled with people who are committed to empowering advisors. This alignment is going to wake some people up to what's possible in this space."

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