Mellon Financial Corp. has opened a private wealth management office in Century City, Calif., to accommodate its growth in Southern California.
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The Pittsburgh financial services firm announced Tuesday that it nearly doubled its Los Angeles wealth management sales staff, to 13 members, in preparation for the new office, its fifth in California.
The Century City office will include the majority of the Los Angeles sales staff, working alongside a team of portfolio managers to provide clients with Mellon's wealth management and private banking services, the company said.
Mellon had $5.5 trillion of assets under management, administration, or custody as of Dec. 31, including $995 billion under management.
