A financial advisory firm has moved to a new home in the Jewellery Quarter.

Margetts Wealth Management has taken up a new 2,100 sq ft office in St Paul's Square as part of an expansion drive which the firm hopes will see it hit in excess of £1 million fees by the end of 2016.

The practice says it has enjoyed 20 per cent year-on-year growth since 2014 and now looks after more than 150 clients.

Managing director Kevin Smith said: "This is a great move for our business and gives us double the space we had previously, dedicated meeting rooms and access to state-of-the-art IT infrastructure.

"More importantly, the location places us at the heart of our client base and gives us easy access to accountants, lawyers and other professional service organisations who trust us to look after the financial affairs of their clients."

Margetts Wealth Management currently employs four experienced independent financial advisers and plans to recruit three more staff to work at its new Birmingham office.