Beaufort Financial, the national partnership of independent financial advisers, has opened an office at Stanton on the Wolds, Nottinghamshire. It will be headed up by Gurmit Nahal, who has some 15 years’ experience in the financial services sector. Gurmit joins from the Nottingham office of accountancy firm Mazars, where she spent three years as a financial planner. There are plans to grow the business to in excess of £100m AUM

Ms Nahal said: “We decided to join the Beaufort Financial because of the flexibility and the support that it offered us to get off the ground. We will make use of all the support services from compliance, marketing and PI as well as the firm’s professional connection strategy.

” We believe firmly in value-based financial planning rather than a product orientated service for our high net worth private clients, which dovetails neatly with the Beaufort proposition. A flat fee structure suits our clients. Being independent and whole of market is very important, too.”

Beaufort Group’s Executive Chairman, Simon Goldthorpe added:

“Opening an office in Nottingham is an important step in our strategy of measured growth. Gurmit comes with a very good reputation in the area and we will provide her with the backing to grow the business, concentrating on high net worth private clients.

“We now have 16 member firms in the partnership and plan to add three or four more by the end of the year.”