Wedbush Inc. on Wednesday said it has purchased a partnership interest in Van Hulzen Asset Management, and is forming a strategic partnership with the Northern California asset manager.

Los Angeles-based financial services and investment company said Jackson-based Van Hulzen’s flagship product is an actively managed “buy/write” covered call strategy that invests in high-quality, dividend paying companies to add income and lower portfolio volatility. President Eric Wedbush said the approach is well suited to the current investment market.

“We believe both parties stand to contribute to and benefit from the partnership,” Wedbush said in a statement. Van Hulzen “gains a key partner with well established brokerage relationships while Wedbush gains a partner with services that complement our current offerings.”

Van Hulzen Asset Management has around $250 million in client assets under direct management, as well as approximately $6 billion in assets through its global client consulting services.