7IM owners consider sale of business

Alice Rigby

The partners of Seven Investment Management (7IM) are considering selling the business, according to reports.

The owners of the wealth manager have asked investment bank advisory firm Evercore to look into a sale of the business, according to the FT. Analysts estimate the business, which manages assets worth £7bn, could sell for as much as £60m. It is currently owned privately by its partners, alongside insurance companies Zurich and Aegon. A sale would follow a number of takeovers and mergers that have swept through the wealth management industry since the Retail Distribution Review. Recent deals which have hit the headlines include last year's merger of Tilney and Bestinvest and Towry...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Industry

Partner insight: Out of the wilderness

Partner insight: Out of the wilderness

Solving the problem of inertia in cash gives opportunities to both advisers and their clients, say Flagstone's Claire Jones and Grovewood Wealth Management's Lynne Gadsden.

Lynne Gadsden @ Flagstone
clock 11 August 2022 • 1 min read
SIF 2022: How to invest in biodiversity

SIF 2022: How to invest in biodiversity

Biodiversity panel

clock 04 August 2022 • 6 min read
Chris Hutchinson of Unicorn Asset Management

The Big Interview: What I learned after being dropped from Hargreaves Lansdown's Wealth Shortlist

'I’ve no interest in falling out with people'

clock 04 August 2022 • 6 min read