Banking & Finance, Human Resources, and Real Estate

Financial firm expands into market

June 21, 2019
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Scott Dontz
Scott Dontz. Courtesy Callesen Wealth Management

Citing the “renaissance” in Grand Rapids, a Michigan wealth management firm has opened an office in town.

Manistee-based Callesen Wealth Management opened its second office this month in a 1,000-square-foot space the firm is leasing from Executive East Properties at 1500 E. Beltline Ave. SE in Grand Rapids.

The firm, which has eight employees, was founded in 1969 by Richard Callesen and is currently led by his son, CEO Nick Callesen.

“I started my career in Grand Rapids in 1992 before returning home to join my family’s firm,” Nick Callesen said. “Since then, I have dreamed of a return to the Grand Rapids area. I love this city. I love the people. And I love where Grand Rapids is headed.”

He believes the services offered by financial advisers have not kept up with quality standards and the demand for services.

Callesen said the firm will offer a “transparent, client-first” service model and investment approach in the Grand Rapids area.

“We have a team that is educated, caring and poised to offer Grand Rapids the kind of investment experience that has caused our firm to grow exponentially in northern Michigan,” Callesen said.

Ryan Gorman — a minority shareholder, wealth adviser and chief investment officer — will head up the new office. It will also have a second adviser, Scott Dontz, VP of business development.

Gorman said the Grand Rapids office has some room to add more staff and “lots of capacity” to serve new clients by using a team approach.

“Clients get the benefits of all our advisers’ backgrounds and expertise,” Gorman said. “A comprehensive wealth plan is constructed with the client that gives us a family index or a benchmark for success. With this roadmap in hand, we construct a portfolio consisting of a combination of our in-house investment strategies.”

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