The Matrix Planning Solutions (Matrix) board will meet with PricewaterhouseCoopers (PwC) representatives early next week to discuss the next stage of the dealer group's plans to find a buyer.
Matrix managing director Rick Di Cristoforo said the company, which announced three months ago it was for sale, had engaged PricewaterhouseCoopers to draw up a report.
"That report from PricewaterhouseCoopers will be discussed with the board next week," Di Cristoforo told InvestorDaily.
He said the board's three executive members and six adviser members would meet with PwC representatives on Monday or Tuesday to discuss PwC's report and, ideally, agree on a course of action based on its contents.
Company board members and key stakeholders gave approval at an extraordinary general meeting in mid-October for the Matrix board to seek expressions of interest from an external investor.
Di Cristoforo said Matrix was in 'information lockdown' ahead of the board meeting and therefore, he could not comment on whether the report would set out a market price for Matrix, make specific recommendations or involve a third party in the meeting.
"You always expect outcomes from board meetings; that's the whole point of them. With regard to what will specifically be discussed with PricewaterhouseCoopers, obviously that's up to the Matrix board, of which I'm only one member," he said.
"The two key priorities I have are, number one, this process, and number two, guiding this company towards not just [Future of Financial Advice] readiness, but FOFA opportunity," he said.
Asked to elaborate, Di Cristoforo said he could not. However he said: "I can assure you that will become pretty clear pretty soon."
Matrix has 107 advisers over 44 practices, with a total of about $2.6 billion under advice.
