Chartered Financial Planning firm John Lamb has launched a new wealth management business.

London-based John Lamb Wealth Management, which will run alongside the existing operation, has begun accepting new clients.

Three Chartered Financial Planners head up the company - Paula Steele, managing director, David Gruenstein FPFS, both Affiliates of STEP, and Crispin Homer FCSI, investment director, a Chartered Wealth Manager.

Chartered Financial Planner Paula Steele, managing director of the firm, based in Bankside, London, said: “John Lamb aims to build long-term relationships with our clients and have been working with some families for more than 50 years.

“We have been running this service for our existing clients for many years and we see this launch of a dedicated business as a natural extension of our award-winning services to a wider audience.”

Crispin Homer, investment director of John Lamb Wealth Management, said it is, “able to offer an institutional grade investment proposition to go alongside the continued planning expertise and client service that John Lamb has always been known for”.

He said: “We are now looking to build this capability and organically grow our client base whilst maintaining the excellence of advice.”

The wealth management firm will provide Financial Planning and investment advice to individuals and family groups. Clients can opt for either an investment only proposition, or a full Financial Planning service.

John Lamb said it offers a “flexible service with a fair and clear fee structure”.

It has a range of in-house personal portfolios specific to John Lamb Wealth Management clients, powered by Purple Strategic Capital, which works with firms with around £4 billion of assets under management.