Independent registered investment hybrid advisor Washington Wealth Management is affiliating with LPL Financial, company officials said Tuesday.

San Diego-based WWM has 15 licensed financial advisors that oversee $750 million in client assets. As part of the deal, WWM will affiliate with LPL Financial broker-dealer platform along with LPL's RIA platform, company officials said. 

WWM was launched by wirehouse veterans to help wirehouse advisors to establish themselves as independent fee and commission-based wealth managers under their own financial advisory practices. The firm offers advisors and advisor teams with $1 million and above in annual revenues ownership of their businesses as well as an open architecture approach to fee and commission-based investment choices.

In addition, WWM said it provides back and middle office services and solutions-including compliance, marketing and practice management support-that dovetail with the offerings of LPL Financial and other custodial partners.

Boston-based LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc., is an independent broker-dealer, an RIA custodian, and an independent consultant to retirement plans.

-Jim McConville