EQ Investors 'exploring several promising possibilities' as it eyes sale

Limitations of charity ownership model

Jen Frost
clock • 2 min read

EQ Investors (EQI) has appointed a corporate financial adviser to explore sale options for the charity-controlled foundation, with “several promising possibilities” currently being considered according to chair John Spiers.

The B Corp financial advice and investment management business is "a successful and profitable business, so we are under no pressure to conclude a transaction," Spiers said in a statement shared with Investment Week sister title Professional Adviser. "Ultimately, any decision to partner with a larger organisation will only be made if it benefits our staff and clients," Spiers added. EQ Investors profits tank 68% amid 'difficult' trading environment In the statement, Spiers pointed to long-term growth limitations that being charity-owned can pose, as well as the potential impact of ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Year of two halves for Ninety One as it records year-end losses

Year of two halves for Ninety One as it records year-end losses

Deal with Sanlam 'on track'

Patrick Brusnahan
clock 04 June 2025 • 1 min read
Indivior cancels LSE secondary listing amid liquidity issues

Indivior cancels LSE secondary listing amid liquidity issues

80% of net revenue generated in the US

Patrick Brusnahan
clock 02 June 2025 • 1 min read
Hargreaves drops BNY Mellon Real Return from Wealth Shortlist

Hargreaves drops BNY Mellon Real Return from Wealth Shortlist

Number of new faces joining the fund

Patrick Brusnahan
clock 02 June 2025 • 2 min read
Trustpilot
Loading page