Hewitson Becke & Shaw is opening a new investment services unit, having recruited pensions expert Andrew Lowin from market leader Cripps Harries Hall.
Lowin is already at Hewitsons offering corporate pensions management and advice and the firm is "actively" looking for a fund manager to head the private investor portfolio arm, plus a settlements manager.
Unit leader and compliance officer Sue Hughes said: "We hope to be fully live by Christmas, but the success of this project depends on the quality of the personnel and we want to make sure we get the right people on board."
The unit will be centralised at Hewitsons' head office in Cambridge, though will also be available at the branches in Northampton, Peterborough and Saffron Walden.
Hughes confirmed this was the firm's first venture into financial services. "We are in fact calling it investment services because we won't be
offering branded products like insurance and mortgages. This will be a full portfolio management unit."
The firm has 45 partners and is a part of the LawExchange European group.