The new entity is structured as an independent registered investment advisor.

Chicago-based accountancy firm Ostrow Reisin Berk & Abrams, has opened a wealth advisory subsidiary.

The business, called ORBA Wealth Advisors, is an independent registered investment advisor, with a team of tax and advisory professionals working with entrepreneurs, high net worth individuals and families.

The team members are James Petitpren, II, executive private wealth advisor and chief investment officer; Luke Schillo, director of planning and portfolios; Alexandra Coquoz, private wealth analyst; Frank Washelesky, chief compliance officer; Steve Lewis, investment advisor representative; and James Pellino, CPA.