True Potential 'plotting potential £2bn sale'

'Inevitable there would be interest'

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...