The firm was set up by Neil Gilliss, a former a partner at Johnson and GiIliss Wealth Management Group, to provide financial planning and investment management services for individuals, business owners and endowments.

Gilliss is bringing a number of employees to the new venture, including Charles Renner, marketing director; Noah Greenbaum, advisor; Hunter Hopcroft, research analyst; and Charlene Harkrader, director of client relations.

Canal Capital has plans to expand on the Eastern Shore of Virginia, as Gilliss said: "Clients on the Eastern Shore are a big part of our business and we look forward to continue growing these relationships."