Northwestern Mutual moves Silicon Valley office to larger quarters as firm's U.S. growth continues
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Annotated by Nicholas Mills
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Northwestern Mutual, a Milwaukee-based financial services company, has expanded its Silicon Valley footprint, relocating from San Jose, California, to a larger office in nearby Campbell.
Northwestern Mutual moved into its new office June 26. In this new space — at 1919 S. Bascom Ave. in Campbell — the company is looking to grow significantly, adding to current staff of 52. Northwestern Mutual aims to bring on 40 full-time advisers, 30 interns and 10 new staff members, according to a company spokesperson.
Recruiting will be locally focused as a strategy to understand unique community needs, according to Northwestern Mutual.
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“Our San Jose community has experienced significant changes these past few years with large employers scaling back,” according to prepared remarks by Kate Michaels, managing partner at Northwestern Mutual. “We are on track to once again double the advisors and representatives in our firm, ensuring a sustainable future for both our firm and our clients and providing career opportunities to top talent in the area."
The company is anticipating additional San Jose office openings down the line, according to a Northwestern Mutual spokesperson.
The new Campbell office equips Northwestern Mutual with a client service center that includes a concierge, coffee bar and private meeting rooms. It also offers a variety of workspaces for career advisers to work and collaborate more efficiently with their teams, according to the company.
Northwestern Mutual’s former office was at 190 Saratoga Ave., in San Jose.
The move follows other office expansions made by Northwestern Mutual in recent months. In May, the company relocated a network office in Jacksonville, Florida, to a larger space in order to accommodate its plans to grow the adviser team there sixfold, to 200 advisers by 2026 from the current 31 advisers. There are 55 other team members also working out of the network office.
Northwestern Mutual also announced plans in April to hire 60 financial professionals in the Washington, D.C., region this year, growing its number of advisers by more than 50% amid rising demand for financial planning services.
Wednesday, August 21, 2024
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