Wealth manager Ascot Lloyd is seeking to list on the Alternative Investment Market (AIM) to fund its plans of becoming a national IFA, the company has confirmed.
The independent advice firm is currently in talks with investors about the possible listing but would divulge no further details at this stage.
A spokesperson for Ascot Lloyd said: "Ascot Lloyd is currently in the process of meeting potential investors, with a view to raising funds for future expansion through a flotation on the Alternative Investment Market.
"Further details will be released in due course."
AIM is the London Stock Exchange's market for smaller, growing companies.
Ascot has plans to become a national IFA by acquiring small IFAs it deems a "good strategic and cultural fit".
In August it acquired Dorset-based financial adviser Harvard Financial Management, broadening its reach in the south of England.
The group already employs 168 staff managing about £2bn across eight offices.
In February it appointed former CEO of Cofounds, Stuart Dyer, as a non-executive director to assist with its expansion plans, alongside former director of finance of listed advice firm St James's Place, Iain Balchin, who took the role of chief financial officer.
Dyer had previously been head of intermediary acquisitions at Close Brothers and is currently chairman of Soprano Consulting, an M&A consultancy advising UK wealth management businesses.
Berkshire-based Ascot Lloyd started out as GHM Financial Services in the 1930s.
It was acquired by Richard Dunbabin, the current CEO, in early 2003 after which the name was changed to Ascot Lloyd Financial Services, according to information on the firm's website.
The firm grew organically and merged with a number of other IFAs before partnering with IFA Planitplus.
The combined firm then purchased PFP in 2015 to form the group Ascot Lloyd is today.
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