The firm had opened its first area office at Washington Ave. Ext. in February 2012 and Drew Prescott was recruited to develop the market for Wealth Advisory.

According to Prescott, the firm wants to increase the number of local advisors to 12 from the current 6 by the end of 2012.

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"We believe that within the next five years we can grow to about 50 advisers in the area," The Business Review quoted Prescott as saying.

Further, Wealth Advisory Group is all set to open an office in Saratoga Springs due to the growth the area is witnessing.

Currently, Wealth Advisory Group has a total of US$600 million under management in its New York City, Rockland County and Albany offices.

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