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Seven Investment Management announces tenth successive year of AUM growth

News Team, 06/08/2019

Seven Investment Management LLP (7IM) has released its 2018 results, revealing that the company has enjoyed a seven percent growth in assets under management (AUM), which have increased from £12.4 billion to £13.3 billion in 2018.

The results conclude a decade of continuous growth in AUM at 7IM, beginning in 2009. Meanwhile, consolidated financial statements prepared by 7IM Holdings Limited show that group revenue also increased by 11 percent while profit before tax, excluding exceptional items, stood at £10.5 million, an increase of 17 percent from 2017.

The positive figures come after a year of significant investment activity at 7IM. At the start of 2018, 7IM launched a range of five active models. This was followed by acquisition of Tcam Asset Management Limited (Tcam), an Edinburgh and London based asset manager which provides discretionary asset management services to high net worth clients with £1.1 billion AUM. This was followed by in November with the launch of a range of six select model portfolios, leveraging the high conviction strategy historically favoured by Tcam.

Alongside these fund moves, the company expanded into Jersey, where it opened a branch to provide services to Jersey based clients and trust companies. It also launched its own Self Invested Personal Pension (SIPP) in May last year, which 7IM believe is cost effective and is now fully integrated with its platform.

Commenting on the results, Dean Proctor, chief executive officer, Seven Investment Management (7IM) said: “Last year was significant for 7IM with the acquisition and integration of Tcam as well as continued investment in technology, products and people. 2018 also saw the business extends its track record of year-on-year growth to over a decade. We have recently concluded a strategic review which we believe will form the basis of continued growth at 7IM, underpinned by service, innovation and performance.

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