US-based wealth management firm Boston Private has opened a new office in downtown San Francisco.
The opening of the new office is aligned with the company’s growth plan announced by the management this May.
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Situated in the Battery Street, the new location replaces the wealth manager’s previous office on California Street. It will provide wealth management, deposit and lending services to individuals, businesses and non-profit organisations.
The office also features separate spaces inside to enable private events and meetings with clients.
Boston Private also opened another office at 100 Pine Street that will become its Western Region headquarters.
Both the offices, which employ a total of 35 people, are being headed by John Longley who recently joined Boston Private as president of Western Region. Plans are on to increase the number of employees at these offices eventually.
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By GlobalDataLongley said: “Our new offices represent Boston Private’s commitment to the West Coast and the Bay Area in particular.
“We are pleased to have these two new locations, and look forward to delivering thoughtful advice, service and solutions to our current and future San Francisco clients.”
The wealth manager also operates offices in Burlingame, Los Altos, Palo Alto, San Jose and San Mateo to cater to its clients in Northern California.
Boston Private service portfolio includes wealth management, trust, private and commercial banking services.
Its unit, Boston Private Bank & Trust Company provides private and commercial banking and trust services. Wealth management services are offered via Boston Private Wealth.
In September, Boston Private combined its subsidiary KLS Professional Advisors Group with Boston Private Wealth. The combined unit is said to be one of the largest registered investment advisers by client assets in the US.
