The history of the UK wealth management sector, as is the case with many other sectors, is littered with many instances of “what ifs”.

One of the more intriguing to have emerged over the past eighteen months or so is a claim that emerged from Sky News that Brooks Macdonald had approached Caledonia Investments, the controlling shareholder of Seven Investment Management (7IM), to acquire the London-based wealth and investment manager for around £300 mi...