British wealth manager Brooks Macdonald has unveiled plans to set up a new office in Wales in mid-2017.

The company said that the new office will offer exposure to a region where its brand and discretionary management services are still not widely recognized.

At the same time, it will also help the firm access the region’s significant pool of investment professionals, the wealth manager added.

The office launch will be managed by director and head of regional offices John Wallace, who has been working at the firm since 2005.

The new office will be the firm’s thirteenth across the UK and Channel Islands and is planned to be located in Cardiff.

“The new Wales office will be an exciting addition for the Group, filling an important geographical gap in our office network. We look forward to building a strong team in the region,” Wallace stated.