7IM completes PWM acquisition as assets swell to £17bn

Acquisition announced in March

Seven Investment Management (7IM) has completed its acquisition of London-based financial planner Partners Wealth Management, bringing the group’s total assets under management to £17bn.

It follows the purchase of TCAM in 2018 and comes as part of a wider push for inorganic asset growth at 7IM. PWM will continue to operate as an independent company, retaining its brand, identity and leadership, but will see integration of some back-office functions and benefit from 7IM's technological capabilities. The acquisition will see 7IM take on PWM's £2bn of assets and brings the group's staff count to over 400 people. Speaking to Investment Week CEO of 7IM Dean Proctor explained that it is hoped PWM's advisers will see 7IM's platform "as a natural fit for managing their cli...