Lumin Wealth has opened a new office at Milton Hall on the outskirts of Cambridge.

The St Albans-headquartered Chartered Financial Planner has hired Chartered Financial Planner Tim Webb to head the new office.

Mr Webb formerly spent seven years at Rutland-based Chartered Financial Planning firm Efficient Portfolio, before becoming a self-employed Financial Planner with True Potential.

Lumin Wealth is a financial advice and discretionary fund manager firm based in St Albans and London.

The firm specialises in investments, pensions, inheritance and tax planning, as well as financial protection and mortgages.

The Chartered Financial Planning firm has been busy expanding in the last couple of years, including merging with the Swiss financial services provider VZ Group in May 2021 to boost investment and acquisition activity in the UK.

With this latest new office, Lumin now has 80 employees including financial advisers and support staff, serving over 3,000 clients with £1bn in assets under management.

It acquired South East financial adviser Ashridge Financial Management in June 2022 and acquired Hertfordshire-based financial adviser Enhance Wealth Management in March 2022.

It acquired Hertfordshire IFA firm Chamberlain Stean and West in 2021 and London Financial Planner Everett MacLeod in 2020.

Lumin was founded in 2010 by Martin Cotter and John Cusins.