Wealth advisory firm Centric Wealth has appointed investment bank Goldman Sachs to evaluate the group's proposal to list before the end of the year.

Centric Wealth joint chief executive Michael Pillemer said the group was keen to take the company to a public listing and had no intention of selling any equity share to another business.

"Goldman Sachs has been appointed only to consider whether Centric will go forward with an initial public offering (IPO) before the end of the year," Pillemer said.

"It's still at this point in time at the planning and the evaluation stage, but I would say we would be looking to complete any IPO by the end of this calendar year."

Centric Wealth was formed almost two years ago, following the merger of Berkley Group Holdings and Centrestone Wealth Management.

He said even at Centrestone's inception five years ago a listing was perceived down the track.

"In terms of key management and advisers we remain firmly committed to the business and plan to retain the majority of their existing shareholdings going forward," he said.

According to Huntley's analyst David Walker it was common that a company would continue to hold 60-70 per cent of the business with the remainder placed out to market, although that holding may be sold down over time.

"Timing is good for wealth management businesses with multiples in the sector trading at around 20x, about as good as it gets in a bull market," Walker said.