Miracle Mile Advisors, a US-based registered investment advisor, has opened a new office in Chicago, US to enhance services for high-net-worth tech professionals.

This expansion is set to cater to the city’s burgeoning tech community, offering customised wealth management services.

The new office is staffed by a team of financial professionals and the chief investment officer.

In a statement, Miracle Mile said: “With teams in Los Angeles, San Francisco, New York, San Diego, Seattle, Baltimore/DC, Portland, Oregon and now Chicago, Miracle Mile consistently and strategically evaluates expanding into other locales to meet its clients’ needs.”

The company is engaged in developing customised financial planning strategies, managing concentrated stock positions, and implementing tax-efficient approaches.

Miracle Mile CEO Bruce Milam said: “Chicago and the surrounding area is a vibrant locale that presents an exciting opportunity for Miracle Mile.

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“Our team’s expertise in serving diverse high-net-worth clients, combined with our strategic investment capabilities led by CIO Matt Dmytryszyn, allows us to deliver unparalleled value to Chicago’s sophisticated investor base.

“We’re committed to growing our presence here, both by serving clients and by attracting top advisory talent who share our vision for personalised wealth management.”

Miracle Mile hired Dmytryszyn, formerly the CIO at Telemus Capital, in April this year.