- 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.
