A trio of advisors with $290 million in client assets combined left Morgan Stanley and Wells Fargo to join Washington Wealth Management, according to the firm.

Scott Sade, Jonathan Woods and David Hughes joined the hybrid RIA to start their own independent practices.

Sade, a Morgan Stanley advisor who worked with $200 million in client assets before making the move, now operates Sade Group Private Wealth Management, based in Stuart, Fla., according to Washington Wealth. His career goes back to the early 1980s, and includes stops at Lehman Brothers and Citigroup. He had been with Morgan since 2009.

Woods, who also came out of Morgan where he managed $40 million, now operates as Woods Asset Management of Darien, Conn., Washington Wealth said. He joined the wirehouse in 2007 from Citigroup, where he had worked about seven years.

Hughes, previously at Wells where he managed $50 million, is based in Woodland Hills, Calif., according to Washington Wealth. He operates as DJH Financial Services. Hughes began his career in 1994 with Dean Witter Reynolds and was with Wells for about six years, according to FINRA BrokerCheck records.

 “Thanks to Washington Wealth, I am no longer limited by a top-down approach and can truly craft customized plans for each client, while also folding in more sophisticated investment services and options,” Hughes says.

Acquired by NFP last year, Washington Wealth is run by CEO Robert Bartenstein, formerly of Merrill Lynch and Morgan Stanley. Washington Wealth distinguishes itself as a destination for former wirehouse advisors.

 “Through a combination of leading turnkey practice management support and resources, all offered with the widest possible scope of affiliation choices, we believe we will continue to attract high-caliber advisors that are interested in providing personalized client service that is simply not available in a wirehouse environment,” Bartenstein says.

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