A FINANCIAL advisor in the North-East is opening a second office in London and expects turnover to increase.

Alok Dhanda, who runs Dhanda Financial, in Grey Street, Newcastle, is investing £50,000 in an office in Westminster.

Mr Dhanda said the decision to open the London office came after beating competition from hundreds of independent financial advisors to win the New Model Advisor national award from financial ratings agency Citywire.

"I already have clients in London, but this award seems to have given me a national profile and I've had a lot of inquiries from people in the South," he said

"It seemed a logical step to open an office in London to look after my existing clients there and the people who have expressed an interest in using our services."

Mr Dhanda said he would divide his time between Tyneside and London.

Last year the company achieved a turnover of £350,000.