California Wealth Advisor Expands In The Golden State, Plans More US Office Launches

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1 Advanced search Search HomeCategories ResearchEventsAwardsVideosAbout Account California Wealth Advisor Expands In The Golden State, Plans More US Office Launches Eliane Chavagnon, Editor - Family Wealth Report, March 19, 215 The California firm says the new office opening in San Francisco is a first step in the company s overall expansion plan geared towards widening its national footprint. Los Angeles-headquartered Bel Air Investment Advisors has opened another office as part of a wider expansion plan aimed at breaking into new US wealth markets. The latest San Francisco, CA, location naturally puts Bel Air in a much stronger position to serve its roster of Bay Area clients and those across The Golden State. The Bay Area is home to perhaps the fastest growth in ultra high net worth individuals in the US, if not the world, said Darell Krasnoff, currently a senior managing director who will spearhead the launch of the new office. It will be filled with a team of advisors under Krasnoff s leadership including Bel Air vice president, Anup Goel, who will focus on forging relationships with entrepreneurs in the Bay Area.

2 Besides a continued focus on growth in its home state, Krasnoff told Family Wealth Report that Bel Air plans to expand into major cities throughout the US including New York, Boston, MA, Chicago, IL, Houston, TX, and Miami, FL. Expanding on where he sees the biggest wealth management opportunities in 215 and beyond, Krasnoff said: "Six years after the 'great recession' market lows, individual investors are finally more comfortable with investing." He added: "We believe the environment of very low interest rates, central bank stimulus around the globe, and a slowly improving global economy will continue to provide opportunities for wealth creation, liquidity events and will provide an attractive backdrop for investors. Even when the Fed begins to raise interest rates in the US, short-term rates will be below 'normal' for a couple of years to come. We expect 215 to be a good year for wealth management and for investors." Bel Air was founded by Krasnoff, Reed Halladay and Todd Morgan in The firm provides financial advisory, asset and investment management services to high net worth individuals, families, trusts and foundations with $2 million or more in investable assets. It has around 3 US clients presently and oversees over $7 billion in assets. Tweet Share Latest Comment and Analysis INTERVIEW: New Deal-Making Service Signals Trend Of Industry "Robofication" In M&A Q&A: Learning From The Industry's Growing Group Of "SuperEnsemble" Advisory Firms Family Wealth Report Announces Winners Of US, Canadian Industry Awards INTERVIEW: The US And Singapore: Slightly Different Markets Seeking Connections Engaging Millennial Clients: Five Themes And Some Misconceptions Uncovered - FOX Research Send to a colleague Print (subject to copyright) Request Reprint Rights Latest News Private Jet Charter App For The Ultra High Net Worth Lands In US Retirement Market Presents A Potential Hotspot For Liquid Alternatives Pershing Prime Services A Look At Some Of The Key Trends In Equity Crowdfunding, Early Stage Investing - PENSCO Most Alternative Asset Class Investors Now Consider ESG Factors - Survey Dexion Capital Boosts Distribution Team In US, Canada

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