Illinois-based advisory firm RMB Capital has launched a new office in Southwest Michigan.
The new location will be used to deepen existing client relationships in the region, where the firm has around 300 clients.
Until now, RMB has been tending to clients in the region through individual client meetings as well as semiannual client events.
The Southwest Michigan office will also enable the firm to extend its presence to other parts of the state, RMB said.
The initiative will be led by RMB vice president and wealth adviser Chris Tarkowski.
Tarkowski will work alongside partner and senior wealth adviser Paul Joyaux.
RMB partner and managing director for Central Midwest Dimitri Eliopoulos said: “The Southwest Michigan community has been like a home away from home for us, and we couldn’t be more excited about putting down roots here,”
“It’s something we believe will be beneficial for our clients and our employees—and something we’ve been wanting to do for a long time—but our expansion decisions often hinge on finding the right people to represent us in a given market. With Chris on board, it’s all coming together.”
RMB offers wealth management, family office services, asset management and retirement planning.
Apart from Illinois, RMB has branches in Colorado, Wyoming, Milwaukee, Minneapolis, New York, Michigan, and Washington D.C.
As at 31 December 2018, the business reported around $8.8bn in assets under management.