IPC Financial Network Inc. says it has received, but not accepted, an unsolicited proposal for a strategic transaction.

The financial planning firm has engaged Scotia Capital Inc. to assist the company in identifying and evaluating strategic opportunities that may be available. The board of directors has appointed a special committee to assist in this process.

Potential bidders include Dundee Wealth Management Inc., CI Fund Management Inc. and Berkshire Group of Companies.

“Given what has taken place in the industry in the last few weeks, we are not surprised by the interest expressed in our company and would seriously consider a transaction that made sense for our advisors, shareholders and clients,” said Steve Meehan, CEO, in a news release.

“We are approaching this process in a way we believe will ensure that all appropriate opportunities are explored without compromising management’s focus on continuing to grow our business. We remain committed to creating additional operational efficiencies and fully supporting our advisors in dealing with their clients,” he added.

IPC, which is in the process of reorganizing, recently announced its new management line-up.