The additions have led to the total recruited assets under management (AUM) on the WWM platform to cross the US$1 billion mark.

Upon completion of the transition of California Wealth Transitions and Overlake Partners by the end of 2012, WWM’s recruited AUM will have increased 900% over the past 12 months, compared against US$100 million in AUM in December 2011.

Commenting on the move, Rob Bartenstein, CEO of Washington Wealth Management LLC, said: "We are delighted that both California Wealth Transitions and Overlake Partners have chosen to partner with us. Each group is singularly unique, comprised of driven, successful professionals who share our vision of the value our firm can add to independent financial advisor teams."

Overlake Partners is based in Seattle and is an independent financial advisory practice that focuses on delivering an integrated set of products and services to its clients.

John Wilbourne, principal at Overlake Partners, said: "Following an exhaustive search for a firm that specifically fit our support and service needs, our practice is delighted to be affiliating with Washington Wealth Management. We thank Washington Wealth Management for transitioning our business to their platform in an extremely well-coordinated, seamless and expedited fashion."