First discussions with potential buyers have been initiated. The sale is expected to be concluded within the first half of 2012, LLB said in a statement.

Some 33 per cent of LLB’s shares in the firm are held by the active partners. As of 31 December 2010, the equity capital of swisspartners Investment Network was SFr56.9 million (around $87.1 million) and its annual earnings were SFr4.8 million.

"The intention to sell the shareholding in swisspartners Investment Network is an expression of a focus on the core business," said Roland Matt, LLB group executive chairman.

LLB intends to focus more on existing strategic initiatives and is “reducing the tempo” of launching new plans. As part of this approach, LLB sold its 48 per cent stake in life insurance company Elips Life in September 2011.

The firm has held a shareholding in swisspartners since 1999; swisspartners has locations in Zurich, Basel and Vaduz.

As at 30 June 2011, LLB managed client assets totalling SFr48.7 billion.