RMB Capital has expanded its wealth management business by opening a new office in Washington, DC.

The new office, which is in close proximity to the Farragut Square, is projected to help the firm support more frequent interaction with its clients along the eastern seaboard.

RMB Capital co-founder, CEO and chief investment officer Richard Burridge, Jr. said: "We are committed to building RMB’s national presence because being in closer proximity to our clients helps us build stronger long-term relationships.

"We have a growing number of clients on the East Coast, and with this Washington, DC office as a home base, we’ll be able to see them more often. That’s important to us."

RMB Capital co-founder and president Frederick Paulman added: "The Washington metropolitan area has both a dynamic economy and a large concentration of high-net-worth individuals and families.

"I believe our approach to service, our in-depth planning expertise, and our investment management capabilities will appeal to this thriving and sophisticated population."

Paulman will spearhead the operations of the new office, while Anthony Cortina will serve as its lead wealth advisor.