Out-of-town finance firm sets up shop in Richmond

A veteran of the local investment scene has been tapped by a Norfolk firm to open its first Richmond office.

Paul Ferwerda, who last year left locally based Thompson Siegel and Walmsley after more than two decades, last month joined Wilbanks, Smith & Thomas Asset Management.

“I was thinking about what I want to do for the remainder of my career,” Ferwerda said. “Starting an office from scratch had a lot of appeal.”

His new Richmond outpost for Wilbanks is the firm’s third office, adding to Norfolk and Raleigh.

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