Ex-Ameriprise Rep Opens TrestleBridge, Affiliates With LPL

Washington Wealth Launches

In other news, Washington Wealth Management, an independent, multicustodial hybrid RIA that also trades securities through LPL, said it had launched its MobilitySelect platform for advisors to use for remote management of their practices. 

"As the independent advisory space continues to grow dramatically, one core group of professionals in our industry that continues to be overlooked and underserved are experienced financial advisors that work remotely from traditional office environments," said Rob Bartenstein, CEO of San Diego-based Washington Wealth, in a press release.

"From older advisors who no longer require a full office to service their clients, to newly independent advisors seeking to streamline their expenses, to working parents who want to cut down on their commuting so they can maximize time with their families, the reasons for wanting to work away from a traditional office environment are manifold," Bartenstein added. Plus, he says, this group of advisors is one of the fastest growing in the industry. The MobilitySelect platform, Bartenstein adds, "enables us to actively supervise these advisors in a way that protects them and their clients while also empowering their continued growth."

The platform allows advisors to affiliate with the WWM RIA and have access to all attendant compliance and supervisory services; use WWM RIA's technology and management solutions, support and problem-resolution services; and rely on its on-site pre- and post-transition assistance and services.

"Technology and demographic trends have created a new frontier of opportunity for our firm with experienced, successful advisors who have chosen to work remotely from an office, and are looking for a committed partner who truly understands and can deliver on their particular needs," Bartenstein said. 

Last month, Washington Wealth recruited an advisor team from Wells Fargo Advisors to its platform with about $220 million in assets. At the time, it said, that this meant the hybrid-RIA was nearing $1 billion in total client assets under management.