visimoney
TLDR:
- 7IM is acquiring Eastcote Wealth Management to expand its presence in the UK.
- The acquisition will give 7IM a base in the Midlands to broaden its operations.
Seven Investment Management (7IM) is expanding its presence in the UK with the acquisition of Solihull-based Eastcote Wealth Management. The acquisition will provide 7IM with a base in the Midlands to expand its operations. 7IM currently manages over £24 billion of assets for financial advisory firms and private wealth clients across the country. The CEO of 7IM, Dean Proctor, sees this expansion as a natural next step for the firm.
Eastcote Wealth Management, a financial planning and independent advice company with £430 million worth of assets under management, will retain its brand and independent investment proposition post-acquisition. The existing management team will continue to lead the firm. This acquisition follows 7IM’s previous acquisition of Amicus Wealth in December, as part of its long-term growth strategy.
7IM was itself acquired by Canada’s Ontario Teachers’ Pension Plan last year, and this latest acquisition is in line with its overall growth strategy. This move will further solidify 7IM’s position in the UK wealth management industry, allowing it to tap into new markets and expand its range of services to clients.
