7IM expands UK footprint with acquisition of Eastcote Wealth Management

Seven Investment Management (7IM) is expanding its presence in the UK through the acquisition of Eastcote Wealth Management, based in Solihull.
The acquisition aims to provide 7IM with a base in the Midlands to extend its operations, complementing its existing offices in London and Edinburgh.
Established in 2002, 7IM is a wealth and investment management firm managing over £24 billion of assets for more than 2,300 financial advisory firms and 7,000 private wealth clients nationwide.
Dean Proctor, CEO of 7IM, sees the expansion into the Midlands as a natural progression to broaden the firm’s footprint across key wealth centers in the UK.
Eastcote Wealth Management, a financial planning and independent advice company managing around £430 million of assets for approximately 735 clients, will maintain its brand and independent investment proposition post-acquisition.
The existing management team of Eastcote Wealth Management will continue to lead the firm after the acquisition.
This acquisition follows 7IM’s purchase of London-based financial planning firm Amicus Wealth in December as part of its long-term growth strategy.
In September of the previous year, 7IM itself underwent acquisition by Canada’s Ontario Teachers’ Pension Plan (OTPP), with OTPP acquiring a majority stake in the company from Caledonia Investments in a £255 million deal.