Ashcourt Rowan is restructuring part of its business as it expands across the UK to service clients post-Retail Distribution Review (RDR).
The London-based wealth manager is currently eyeing Exeter and Leeds, where it plans to open new offices by next year.
The Exeter site will replace its previous offices in Taunton and Torquay. Ashcourt is also looking at Cardiff and has appointed Brewin Dolphin's Tony Thomas as private client financial planner to explore opportunities to build a presence in Wales.
Thomas, a chartered financial planner, will draw on his extensive network of connections and clients to give the group a foothold in the country.
"We're looking to make sure we've got the right offices for our clients and we will look at any opportunity that comes our way," said Ashcourt Rowan financial planning chief executive Chris Williams.
"The opportunities that RDR provides are fantastic and, having been working in that world for a little period of time, we've got confidence and great teams and we're looking to expand on that."
Williams added: "We have good strong recurring income lines which provide us the base from which to build and our clients are comfortable and have been happy with our fee proposition."
Last week Ashcourt opened a new office in Salisbury, Wiltshire, following the consolidation of three branches in and around Manchester in October.
Six hours for a client report
700,000 transfers in 12 months
104 delegates attended
'Benefit from healthy cash levels'
Could be two months to complete payment