Independent financial advice firm Succession Wealth has reportedly put itself on the market for £400m.
According to Sky News, the majority shareholder in Succession Wealth has picked bankers to undertake a strategic review of the business.
The report said private equity firm Inflexion, which took a controlling stake in 2014, is expected to launch a formal auction of Succession during the early part of 2022.
It also added that private equity firms and some financial services groups are likely to examine offers for Succession.
Succession Wealth was formed in 2009 and has around 170 wealth planners delivering advice to more than 17,000 clients across the UK. It has around £8.2bn ($11.1bn, €9.6bn)
International Adviser has contacted Succession Wealth and Inflexion; however both firms declined to comment.
