Local financial firm, Capitol Securities Management, opens office in N.C.

Michael Schwartz | Richmond BizSense

Continuing its expansion streak, a Glen Allen financial firm has spread out to the Tar Heel State.

Capitol Securities Management, a local brokerage and investment firm, this month opened an office in Wilmington, N.C., its first full branch in North Carolina and its second new office in the past two years.

The addition was prompted by the luring of a team of financial planning and investment advisers who were previously with Merrill Lynch. They bring with them a book of business of about $100 million in client assets and about $1 million in annual revenue, said Mark Hamby, president of Capitol Securities.

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