This is part of the firm’s plans to grow its face-to-face advice business, which currently sees it employ 23 financial planners across the UK.
The first phase of expansion will be to recruit qualified, experienced financial planners in its existing offices, although it may also look to open up in new regions as well.
Richard Dawes, joint MD of wealth management at Bestinvest, said: “Today over half of Bestinvest’s business is advised or managed and we have model that can support clients at each stage of their lives. Far from heralding the end of face to face advice, we have seen strong growth in our advised business both before and after the introduction of RDR.
“The withdrawal of the banks from the advice market creates real opportunity for us, providing we can find high quality people who share our commitment to great client service.”
The company employs over 200 people and has financial planners operating in 39 locations in the country.