Incapital, a Chicago-based distributor and underwriter of investment products, plans to open an office in Boston as part of an expansion that also includes new office locations in San Francisco and St. Petersburg, Fla.

As part of the expansion, the firm said it has appointed seven executives to its municipal, institutional sales and annuities teams. Patrick Clifford and Mike Dolaher will join the Boston office, focusing on Incapital’s insurance and annuities business, according to a statement.

"This expansion furthers our strategy of providing our clients access to a wide range of products as we build an Incapital presence in these key markets," Incapital CEO John Radtke said in a statement. "We continue to attract talent to Incapital’s platform and are pleased to announce the opening of offices in three major U.S. markets."