Sir David Harrison is stepping down as chairman of Financial Planning-focused wealth management firm True Potential, the company he founded in 2007.

David Harrison, the founder and chairman of Financial Planning and wealth management firm True Potential has been knighted for services to business, education and social mobility.

Private equity firm Cinven is to acquire one of the UK’s largest financial advisory firms, wealth manager True Potential.

International and domestic would-be buyers are in the running to acquire wealth platform True Potential in what could be a £2bn sale.