7IM has acquired Chichester-based financial planning and discretionary investment firm CPN Group as it continues to strengthen its advice-led strategy.

The deal brings a significant client base and additional investment capabilities into the group. CPN supports more than 2,800 clients and oversees over £750 million of assets under advice. The firm also manages two OEIC funds with around £400 million in assets under management.

Following the transaction, CPN Financial Services Limited will join Amicus Wealth Management. This brand now unites 7IM’s former private client business, the Amicus Wealth business acquired in 2023, and the newly acquired CPN Financial Services team.

Strengthening the Amicus Wealth Platform

The acquisition forms part of 7IM’s wider strategy to build a stronger advice-led offering across the UK. By integrating CPN into Amicus Wealth Management, the group significantly expands its scale and regional presence.

After completion, the enlarged Amicus business will advise more than 6,800 clients and oversee approximately £3.3 billion in assets under management.

CPN IM will also merge with 7IM’s Investment Solutions division. This team will take responsibility for managing the two OEIC funds previously overseen by CPN.

Strategic Fit and Continued Expansion

Leadership from both businesses highlighted the cultural alignment and long-term benefits of the partnership.

Charlie Nicholls, CEO of CPN Group, said the partnership provides greater scale, enhanced capability, and long-term stability for clients and staff. He noted that 7IM’s culture and focus on client outcomes made the firm a natural partner.

Ben Covey, managing director of Amicus Wealth Management, added that combining the two firms will strengthen the client experience by bringing together CPN’s advisory expertise with the broader capabilities and infrastructure of Amicus.

Dean Proctor, CEO of 7IM, said the acquisition supports the firm’s strategy to evolve into a more advice-led organisation. While organic growth remains central to the group’s long-term plans, he confirmed that targeted acquisitions will continue where they enhance capability and expand market reach.

Following the integration, 7IM Investment Solutions will manage around £11 billion of client assets.