PROVIDENCE — The city has a new wealth management firm, and it’s touting itself as one of Rhode Island’s largest independent investment firms with $500 million under management.

Endurance Wealth Management, located at 121 South Main St., was formed recently when members of the Providence office of Marion, Mass.-based Baldwin Brothers reached an agreement to create their own firm.

“The establishment of Endurance Wealth Management will allow us to continue to provide our clients the most effective service, research and expertise to manage their wealth,” said J. Michael Costello, managing partner. “We are distinct in the southern New England market as we provide our clients superior strategy, and our in-house research expertise is a strong point of differentiation.”

Terms of the agreement were not disclosed, but the firm has kept all its staff members from the Providence office of Baldwin Brothers.

In addition to Costello, Kenneth Thomae and Peter Corsi manage the firm.

Endurance Wealth Management’s clients include individuals, family groups, institutions and charitable organizations.

More information about Endurance Wealth Management can be found at www.endurancewealth.com.