Multi-channel distribution firm The Money Portal (TMP) has initiated a strategic review of its business and is in preliminary discussions with stakeholders that may lead to a capital restructuring.
The move is in response to a number of unsolicited expressions of interest to Money Portal's board in recent weeks from potential investors (new as well as existing), regarding new investment in the company. Money Portal revealed it has appointed Fenchurch Advisory Partners to evaluate possible new investment proposals and present options to the board. In a statement, the firm said the board continues to believe strongly the market for independent financial advice offers attractive growth prospects and Money Portal was well positioned to capitalise on this growth. "We would welcome, o...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
