Boston Private Wealth Management Group plans to grow its business in the US with new branch openings, according to reports in the US trade p...

Boston Private Wealth Management Group plans to grow its business in the US with new branch openings, according to reports in the US trade press. The Boston-based group plans to target growth in New York City, Southern California, the Northwest and Southern Florida, and is looking for acquisitions as well as new hires to achieve its growth targets. The firm, which has 12 affiliates in New England, California, Florida, New York and the Pacific Northwest, plans to establish a private banking unit in the metropolitan New York region. BPWMG said it will expand its Northwest regional presence by adding a private bank and launch a wealth advisory firm in Southern Florida. The firm said it was also aiming to launch a private bank in Newport Beach, in Southern California, and a wealth advisory firm in San Diego. BPWMG has more than $22 billion in assets under management.