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
Signup and gain exclusive members-only insights - all free of charge!
- 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
