A wealth management firm has moved to a larger office within downtown Grand Rapids.
Grand Wealth Management hosted an open house Thursday at its new 5,400-square-foot office in Bridgewater Place, at 333 Bridge St. NW.
The firm was housed for the past 14 years in a 2,200-square-foot space in the Chase Bank building, at 200 Ottawa Ave. NW.
“We’re thrilled to interact with this new, expanded space,” said Jeff Williams, founder, managing principal and majority owner, Grand Wealth Management.
The move gives the firm “more collaborative workspace where we can grow our team,” Williams said.
Grand Wealth Management hired Dearborn-based Ghafari Associates, which has a Grand Rapids office, and Grand Rapids-based Visser Brothers as the architect and interior designer and general contractor for the renovation of the space, which was formerly occupied by a law firm.
The project cost about $650,000.
The firm’s new office contains six collaborative employee and client workspaces, in addition to four private offices and four open-plan employee workspaces.
It includes three conference rooms, including a virtual conference room with a wide-angle camera for meetings with clients in Florida, Washington, D.C. and overseas, a formal boardroom and a “living room-style” conference room that overlooks the Grand River and is equipped with a sofa, chairs and a coffee table to make money conversations more comfortable, according to Anastasia Wiese, a financial adviser speaking on behalf of the firm’s principals.
Employees and clients will also have access to a 950-square-foot open-air patio.
Grand Wealth Management has eight staff members — three senior and two associate advisers, plus three administrative staff — and it is looking to hire a portfolio analyst and support staff member in the next six to nine months, Wiese said.
Grand Wealth Management
Founded in 2004, Grand Wealth Management is an independent fiduciary firm providing financial planning and investment management services.
The firm began with roughly $27 million in assets under management. It has since grown to over $375 million in AUM as of Oct. 31.