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.

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 2015 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 2015 to be a good year for wealth management and for investors."

Bel Air was founded by Krasnoff, Reed Halladay and Todd Morgan in 1997.

The firm provides financial advisory, asset and investment management services to high net worth individuals, families, trusts and foundations with $20 million or more in investable assets.

It has around 300 US clients presently and oversees over $7 billion in assets.