True Potential has sold a majority stake to private equity house Cinven to facilitate continued business growth and platform development.
The details of the sale to the international private equity operator have not been disclosed. True Potential, headquartered in Newcastle, was founded in 2007 by father and son chairman David Harrison and chief executive Daniel Harrison. It operates across wealth management providing advice, an investment platform and fund management to more than 1.4 million retail clients. The company said it had a "highly scalable business model", having built a bespoke and proprietary technology platform to serve both financial advisers and clients. The business employs more than 350 people and...
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