Ritholtz Wealth Management, an RIA managing $5 billion in assets for high-net-worth clients and institutions, has opened its new Chicago office. The location, RWM’s second headquarters, will play a key role in client service, team growth and ongoing community engagement across the Midwest, according to the firm.

The new office is located at The Salt Shed, a multi-purpose creative hub alongside the riverfront in the city’s Salt District.

“This office is a statement about who we are and how we serve our clients,” said Josh Brown, the firm's CEO, in a statement. “This isn’t a bank branch. It’s a space that feels like Chicago — creative, raw, real. We’re building a wealth management firm that defies the conventions of this industry. We’re a brand that’s of the people and for the people, no matter where we go. Our space in this world-class city had to reflect that and I think we nailed it.”

The new Chicago location hosts 13 full-time employees, with plans to expand in the near future, according to the statement.

“We wanted our office to represent what is unique and special about RWM, and be authentically Chicago at the same time,” said Jonathon Novy, an investment adviser rep in the Chicago office. “It has to be a place where employees are excited to work, prospects and clients want to come visit, and that allows us to continue providing the best possible service and outcomes for our clients.”

A live taping of The Compound and Friends, the popular business and investing podcast hosted by Brown and managing partner Michael Batnick, will be aired June 3 from the new Chicago location. The live episode, taking place at the Chop Shop in the city’s Wicker Park neighborhood, will feature a conversation with Kunal Kapoor, CEO of Chicago-headquartered financial services giant Morningstar.

Pictured: Ritholtz Wealth Management CEO Josh Brown. Courtesy photo

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