IFA In Partnership is looking to raise cash to help it double adviser numbers to 1,000 by the end of next year.
The network has 500 advisers but wants to have 750 by the middle of next year and 1,000 by the end of next year, In Partnership plans to float the company in the next three years.
It says it needs to recapitalise to get its numbers up to 1,000 and is looking at whether this can be achieved through providers taking equity stakes in the business, through merger or through bank loans.
It has not ruled out a merger and says it is in exploratory talks at present.
In Partnership made a profit in February, three years after its launch, and saw off a takeover bid from founding director Shin Yamada last year.
Chief executive Kevin McDonagh says: “We have reached 500 advisers and will need to recapitalise to get up to our aim of 1,000 advisers through providers taking stakes, consolidation or bank loans.”