Washington Wealth Management, an independent hybrid RIA, said Thursday a former Morgan Stanley (MS) rep joined its office in Lancaster, California, with about $100 million in client assets.
Nadia Dickinson came on board several weeks ago with nearly 30 years of industry experience.
With the addition of Dickinson's practice, Washington Wealth says it has recruited 10 new advisory practices since being acquired by National Financial Partners (NFP) in March.
"Ms. Dickinson's decision to maximize her firm's opportunities for growth and independence by joining our team further demonstrates the strength of WWM's platform, which enables exceptional former wirehouse advisors like Ms. Dickinson to expand their practices by transitioning seamlessly to the independent channel," said Rob Bartenstein, CEO of San Diego-based Washington Wealth, in a statement.
Dickinson joined Morgan Stanley in late 1985 in Palmdale, California.
"I am thrilled to be joining WWM's platform, particularly at a time when Dickinson Graham Capital Management is expanding its staff to meet the demands of a growing client base," the advisor said in a press release.
"As I transition to independence, there was no better partner for both developing and growing my practice than WWM. WWM's turnkey multi-custodial platform, along with its unique understanding of the needs of successful advisors, will enable me to create a highly responsive, client-centered environment."
For its part, NFP Advisor Services said in early October that it had added advisors Terry Sawchuk and Bill Langenstein in Troy, Michigan, with about $155 million in client assets. The group was formerly affiliated with SII Investments.
Stratos Wealth
In other California news, ex-Wells Fargo Advisors (WFC) rep Richard Gibson said Tuesday that he joined independent RIA Stratos Wealth Partners in Carmel Valley.
"Richard will be a tremendous asset to our team … and, as an independent business owner, will now be able to focus on developing higher-quality relationships and offering unbiased wealth management advice to his clients," said Charles Shapiro, founding and managing partner of Stratos Wealth, in a statement.
Gibson focuses on tax-advantaged fixed income strategies and wealth planning. He joined Wells Fargo in 2007, after working for UnionBanc Investment Services, U.S. Bancorp and Prudential Securities (which he joined in 1999).
"I made the decision to join Stratos Wealth Partners because the firm's RIA model allows me to have equity ownership and a partnership in a major wealth management firm, as well as the freedom to run my practice as a business owner and not an employee," the advisor explained in a press release.
