Peterman Financial Group has had a presence on MacArthur Boulevard for more than two decades, so when owner William Peterman decided it was time to expand, he didn’t look any further than the space adjacent to his current office.

The financial planning firm currently occupies the 1600-square-foot office at 1515 S. MacArthur Blvd., and Peterman recently acquired a similar-sized office at 1517 S. MacArthur Blvd. that formerly housed a dental practice.

“The acquired space is going to be completely updated and remodeled to match our existing office,” said Peterman. “In the first phase, we’ll create a client education and event center. Then we’ll build two to three new offices for new advisers,” he said.

In addition to Peterman, there are currently three employees on staff.

“I think there are long-term plans for development on MacArthur Boulevard, which is nice,” Peterman said. “And we’re excited that we’ve had significant growth over the years that now allows us to add more space.”