A new wealth boutique has launched in northern England.

Independent financial advisor Lee Hurst has launched Harrogate Wealth Management in Harrogate, North Yorkshire.

The firm, which will have an initial team of three, will provide financial planning and wealth management services incorporating retirement planning, tax planning, inheritance, investment and pensions advice.

Hurst spent almost three years as a wealth manager at Marshall Zoing, which he left late last year, according to his LinkedIn profile. Before that, he spent 15 years as a business consultant at Old Mutual Wealth.

“Recent changes to the regulation of financial advisors has presented an opportunity for new firms to enter the market and the recent pension reforms in particular have created increased demand for advice around pensions and retirement planning,” said Hurst.

“Given the uncertain economic climate, many people are wondering how best to protect and grow their wealth and need advice from experts they can trust. We are already receiving a number of referrals, particularly via our network of professional contacts, and are confident that the business will grow quickly.”

He will be supported by office manager Lynne Bowman, with a new consultant set to join within the next few weeks and further expansion expected in early 2017.