Washington Wealth Management (WWM), an independent hybrid registered investment advisor (RIA) has added former wirehouse advisors Eddie Barber and Russ Tobler, who were previously affiliated with RBC Wealth Management.

Barber and Tobler have more than 30 years of combined experience in financial services and approximately $180 million in total assets under advisement.

With the addition of these advisory practices, WWM has now successfully recruited 12 new advisory practices since it was acquired by NFP in March, a demonstration of the continued strength of the firm’s flexible, turnkey offering for established wirehouse advisors seeking the benefits that true freedom and independence have to offer.

Rob Bartenstein, CEO of WWM, said, "We are delighted that Eddie and Russ have decided to join our platform. Their affiliation further demonstrates that WWM continues to be a top destination for experienced wirehouse advisors that crave the benefits of independence combined with leading turnkey practice management support and resources, all offered with the widest possible scope of affiliation choices.

Whether veteran wirehouse advisors are seeking to go independent on a solo basis, form their own team or join an existing, like-minded team already affiliated with WWM, we build and execute on a clear and efficient roadmap to independence to help them achieve their goals."

As part of his transition, Barber, who managed approximately $140 million in assets under advisement, has affiliated with WWM as a newly formed independent practice, Barber Investment Partners.

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Meanwhile, Mr. Tobler’s practice, Avion Asset Management, also joined WWM as a newly formed independent practice and has assets under advisement of approximately $42 million.

Headquartered in Salt Lake City, UT, both Barber Investment Partners and Avion Asset Management provide a wide range of financial planning solutions, with a special emphasis on portfolio management, to high-net-worth (HNW) individuals and families throughout the United States. Additionally, Barber and Tobler share approximately $30 million in assets under advisement.

Barber said: "My decision to join WWM is a direct investment in the well-being of my clients. From the beginning, it was clear that the firm’s turnkey multi-custodial platform, along with its unique understanding of the needs of successful advisors, will best enable me to consistently advocate on my client’s behalf, help grow their personal assets and assist them on the path toward a comfortable retirement. Additionally, I look forward to having access to some of the best industry tools and support on WWM’s platform, which will undoubtedly help me grow my business and take it to the next level."

Mr. Tobler said, "With WWM at our side, we no longer have to manage client relationships with unnecessary and often inefficient services and products. The practice management tools and other support resources on WMM’s platform will provide significantly more scale to our practice, allowing us to establish a more direct relationship with clients and service them effectively across the full extent of the financial planning and investment management spectrum."

Bartenstein concluded: "The affiliation of Barber Investment Partners and Avion Asset Management underscores how we continue to help former wirehouse advisors achieve the independence they desire and ultimately need to expand their business. Additionally, Utah is an important region for WWM in the context of our firm’s ongoing growth. Based on the interest we’ve received in the Salt Lake City area alone, we anticipate adding more advisors of similar caliber to Eddie and Russ in the near future."

WWM is a wholly-owned subsidiary of NFP and operates under its own brand and leadership team within the NFP independent advisor-focused business unit, NFP Advisor Services.