The joint venture company, which launched on 1 September, will operate as Creaseys Wealth, based out of offices in Tunbridge Wells.

This allows the Kent-based firm, with reported fee income of £4.7m in 2014, to extend its services for high end earners, offering new services including investment management, tax mitigation, estate planning and risk minimisation.

Creaseys Wealth will be headed up by Ben Waite, who has been recruited from Lloyds Private Bank, to lead the venture and there are plans to hire further staff.

Waite was a private client advice manager in Lloyds Private Bank client office in central London prior to joining the new set-up. He previously worked at Bank of Scotland Investment Service, specialising in private banking and client relationships.

Stephen Jones, chief executive of Midlands-based Cooper Parry Wealth said there were gains to be made for both parties.

‘We’re delighted to be joining forces with Creaseys, a firm who we have worked with for a number of years,’ he said.

‘Our working model has seen us achieve substantial year-on-year growth in terms of revenue and assets under management and we look forward to continuing this success working with the team at Creaseys.’

Emma Roberts, chief executive at Creaseys, said: ‘This will be a different approach to wealth management, with a group brought together to combine all elements of what is a specialist financial area.  It is another stage in our planned growth programme.’