Cambridge Trust Company, the New England-based wealth manager, has opened a new office in Portsmouth, New Hampshire.

The new branch is located at One Harbour Place and began operations in 30 September. The company's old office at Exeter has been closed down and all staff have been moved to the new one. 

"The prime location and updated amenities of the new office will enable us to better serve our wealth management clients, while still providing the personal service to which they are accustomed," said Michael Duca, executive vice president of wealth management, in a press release. 

The new Cambridge Trust Portsmouth office houses an art gallery and other professional services businesses. The firm has some $1.5 billion in assets under management.