US-based Waterway Wealth Management has opened a new branch office in Albuquerque, New Mexico.

According to The Paper Magazine, David Michalk, brother of Waterway Wealth Management founder Dan Michalk, has been appointed as head of the new office.

Michalk has been a financial advisor in Albuquerque for more than 15 years. He is a Chartered Financial Consultant (ChFC), a designation granted by the American College of Bryn Mawr, Pennsylvania.

Commenting on the branch opening, Michalk said, "Waterway grew more than 20% in 2013, and anticipate similar growth in 2014. With this new branch in Albuquerque, we will better serve our clients no matter where they live, work, or play."

Waterway Wealth Management is an independent firm that provides comprehensive personal financial planning and asset management for high-net-worth individuals including investment, tax, retirement and estate planning.