Independent wealth management firm Kochis Fitz/Quintile has changed its name to Aspiriant.

Offering services in investment management and estate and tax planning to high net worth individuals, the San Francisco-based company currently has 32 employees in Los Angeles and 70 nationwide.

Aspiriant is planning to expand its operations in three major metropolitan areas, although the cities have not been announced. Company executives project the firm to double in size over the next three years.

"The wealth management segment of the financial services industry is the fastest growing segment and Aspiriant is well positioned to capture the opportunities on behalf of its clients," said Rob Francais, chief operating officer of Aspiriant in Los Angeles.

With $5 billion in assets under management, the company was formed on January 1 when Kochis Fitz merged with Los Angeles-based Quintile. Aspiriant's average client in Los Angeles has about $50 million in liquid assets.

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