David Michalk, brother of Waterway Wealth Management’s founder, Dan Michalk, will head the Albuquerque branch, bringing with him his financial advice and planning team. He has been a financial advisor in Albuquerque for around 15 years, the firm said. 

Waterway Wealth Management is based in The Woodlands, TX, and provides financial planning and asset management services for high net worth individuals.

Dan Michalk said Waterway grew by more than 20 per cent last year and anticipates similar growth in 2014.