The Nottingham branch of an advice firm has reported it is closing in on £50m funds under administration one year after opening.

Hargreave Hale’s West Bridgford-based office has attracted over 250 accounts and £45m in funds under administration in its first 12 months.

The investment team is headed by Riccardo Landucci, who joined Hargreave Hale from Charles Stanley along with colleagues Michael Harvey and Helen English. The trio share over 80 years’ working experience in the investment sector.

Mr Landucci said: “We have had an excellent first year with clients responding positively to our approach, which is to focus on their specific individual requirements, rather than adopt a one size fits all stance.

“At a time when the industry trend is towards less face-to face time with clients, and an increasing reliance on light touch robo-advice and model portfolios, we have stood firm recognising that there remains a place for a more engaged and comprehensive service”.

Meanwhile, Hargreave Hale has boosted its London office with the appointment of investment manager Marcus Low.

Marcus, who has over 20 year’s industry experience, joins from Brewin Dolphin, where for the past 10 years he was a divisional director.

He will join a team including former colleagues Ian Kavanagh, Victoria Macdonald and Neil Jones, who all moved to Hargreave Hale in 2014.

Stuart Brookes, joint managing director of Hargreave Hale, said: “Marcus is another welcome addition to our growing London office, who brings with him a wealth of experience and technical ability.

“These are two key ingredients that we look for when hiring investment managers, as we strive to improve our service offering to clients.”