Chase de Vere, a UK-based wealth management firm, is set to open a new office in Birmingham.

As part of the move, the firm will be relocating from previous premises in a city from where it has operated for 10 years, according to Insider Media.

Situated at Cornwell Street in the West Midlands city, the new office will include nine independent financial advisors to offer advice to private and corporate clients across Birmingham and wider region.

In addition, the office will include eight support staff. However, two new advisors will join the Birmingham office in May this year.

The firm said that it is expecting to hire further more advisors and support staff over the next 12 months.

Declan Callan, senior manager for Birmingham and the Midlands, said: "Chase de Vere has had an office presence in Birmingham for many years. We plan to use the opening of our new office as a springboard to our growth plans in the region.

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Chase de Vere now has offices in Basingstoke, Bath, Birmingham, Cambridge, Cardiff, Chester, Glasgow, Leeds, Leicester, London, Manchester, Newcastle and Preston.