7IM has merged its private client business with Amicus Wealth to create Amicus Wealth Management.
7IM said greater scale and enhanced capability would support its growth ambitions in the UK wealth management market.
The merger follows 7IM’s acquisition of Amicus Wealth in December 2023.
Dean Proctor, CEO of 7IM, said: “The launch of Amicus Wealth Management is a significant milestone for 7IM and a powerful statement of our ambition in the UK wealth market.
“By bringing together our private client business and Amicus Wealth, we have created a firm with the scale, talent and capability to deliver outstanding long-term financial plans and outcomes for clients.
“This is not just a combination of businesses, but the creation of a modern wealth management firm built for long-term growth, innovation and excellence in client service.”
Ben Covey and David Fry will lead Amicus Wealth Management, headquartered in London, as managing directors.
The new business will see 100 professionals manage £3bn of assets on behalf of almost 4,000 clients nationwide.
Covey said: “We are incredibly excited about the opportunities this new chapter creates for our business but, most importantly, for our clients.
“The merger creates a stronger, more resilient firm with greater depth of expertise – and that means an even better experience for our clients.
“We are building a business with the scale to invest and grow while staying true to our client-first philosophy and supporting people at every stage of their financial journey.”
As part of the merger, the firm is launching a new website, aiming to combine a forward-looking direction with its client-centric heritage.
Fry said: “There is strong cultural alignment between our teams, and that gives us real momentum.
“Amicus Wealth Management brings together experienced people, high-quality financial planning and a shared commitment to long-term client relationships.
“That combination allows us to support clients with clarity and confidence, while continuing to invest in our people, our advice and the overall client experience as we grow.”
hereward.mills@ft.com
