The private wealth management group of Brown Brothers Harriman is preparing to close its Los Angeles operation, its only location on the Wes...

The private wealth management group of Brown Brothers Harriman is preparing to close its Los Angeles operation, its only location on the West Coast of America, according to a US trade publication report.

All client relationships have been transferred to other branches. The operation will be fully close down by the end of the first quarter, according to BBH partner Jack Borland, who was quoted in the report by Privte Asset Management.

The Los Angeles branch, which opened in 2001 and provides only investment management, currently employs six wealth management professionals and is headed up by Michael Keller. None of the staff will be transferring with the business, said the report.

BBH's PWM group will be left with offices in Boston, New York, Philadelphia, Chicago, Dallas, Palm Beach and Charlotte, and has approximately $14 billion in assets under management.