7IM has combined its Private Client business with Amicus Wealth to form a new firm, Amicus Wealth Management, as it steps up its ambitions to build what it describes as the UK’s leading advice-centric wealth manager.
The move follows 7IM’s acquisition of Amicus Wealth in December 2023 and brings the two businesses together into a single integrated firm with broader capability and greater scale.
The combined business has more than 100 professionals, oversees over £3bn in client assets and serves nearly 4,000 clients across the UK.
Headquartered in London, Amicus Wealth Management will be jointly led by managing directors Ben Covey and David Fry.
The firm said the integration strengthens its financial planning and advisory expertise, enabling more comprehensive support for clients’ long-term financial decisions.
7IM chief executive Dean Proctor described the launch as “a significant milestone” for the group’s growth strategy.
“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,” he said.
“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.”
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As part of the merger, the firm has introduced a new brand identity and website, designed to reflect its future direction while maintaining its client-focused approach.
Existing clients will continue to work with their current advisers, with portfolios remaining on the 7IM platform and investment management supported by the 7IM investment team.
Covey said the integration would enhance client experience while preserving the firm’s core philosophy.
“Bringing our Private Client business and Amicus Wealth together creates a stronger, more resilient firm with greater depth of expertise – and that means an even better experience for our clients,” he said.
“We are building a business with the scale to invest and grow while staying true to our client-first philosophy.”
Fry added that cultural alignment between the two organisations had helped create momentum.
“Amicus Wealth Management brings together experienced people, high-quality financial planning and a shared commitment to long-term client relationships,” he said.
“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.”
