Towry sale plans 'brought forward'
Plans to sell independent financial adviser Towry have reportedly been brought forward by Palamon Capital Partners.
The private equity firm is believed to have appointed Evercore to seek out potential bidders, with a sale expected early in 2016.
Bids are due to be submitted before Christmas, sources told the Sunday Times.
Palamon has been looking to list or dispose of the business for some time, even taking steps towards a flotation before changing its mind five years ago.
A listing has not been completely ruled out if a sale doesn't go ahead, sources said.
Towry manages in excess of £9bn from offices across the UK.
According to estimates from City sources, the business could be worth around £600m.