True Potential 'plotting potential £2bn sale'

'Inevitable there would be interest'

Tom Ellis
clock • 1 min read

True Potential has appointed bankers from Perella Weinberg Partners to assess offers from potential buyers, according to reports.

Sky News has said the Newcastle-based firm, which was set up in 2007 and is owned by 739 individual partners, could be valued at close to £2bn. The IFA and fintech business reported profits of £24m last year and has more than £52bn of assets under administration. Founder David Harrison runs the vertically integrated firm, which serves more than one million clients and claims to work with more than 20% of the UK's financial advisers. True Potential ends SEI link-up to go in-house for platform tech A True Potential spokesperson told Sky News: "2017 was an exceptionally strong year fo...

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