People Moves

NFP's Newly-Acquired Washington Wealth Subsidiary Recruits Two Breakaway Advisors

Eliane Chavagnon Editor - Family Wealth Report April 11, 2014

NFP's Newly-Acquired Washington Wealth Subsidiary Recruits Two Breakaway Advisors

San Diego, CA-based Washington Wealth Management has added former wirehouse advisors Morrie Symson and David Mizrahi, with a combined $150 million in assets under management, to its platform in Woodland Hills, CA.

San Diego, CA-based Washington Wealth Management has added former wirehouse advisors Morrie Symson and David Mizrahi - with a combined $150 million in assets under management - to its platform in Woodland Hills, CA.

Washington Wealth Management was acquired last month by the independent broker-dealer NFP Advisor Services.

Symson, who was most recently with UBS, has joined WWM's Pacific Point Asset Management affiliate while Mizrahi - formerly of Wells Fargo Advisors - has opened an independent practice under the name of First Point Financial Management.

Meanwhile, Mary Abundo, who was previously a practice management consultant at Cetera Financial Group, has joined Mizrahi's practice.

Both Symson and Mizrahi are experienced portfolio managers who work with high net worth individuals and families. While their primary focus is on fee-based business, they also incorporate commissioned-based work into their practices.

WWM has offices in San Diego, Los Angeles and Orange County, CA; Westport, CT, and Middleburg, VA.

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