7IM announced it had completed the acquisition of Eastcote Wealth Management as it continues to execute its strategic growth plans to cement itself as one of the leading players in the wealth management industry.

Established in 2002, 7IM is a client-centric, technology-driven wealth and investment manager that manages over £24 billion of assets on behalf of more than 2,300 financial advisory firms
and 7,000 private wealth clients across the UK.

Eastcote Wealth Management is a well-established financial planning and independent advice firm based in Solihull. Its 12 financial planners serve c.£430mn of assets for c.735 clients.
As part of the transaction, Eastcote Wealth Management will, for the time being, continue to maintain its brand and independent investment proposition, which will allow its advisers to focus their time on servicing and delivering the best outcomes for clients.

Eastcote will also retain its existing management team led by John Ruddick, David Fleet, Jonathan Hearn, and Robert Kenyon. The founder and highly respected local business leader
Trevor Law will also continue in his position as a consultant to the firm.

The deal follows the recent acquisition of Amicus Wealth, a London-based wealth management firm, by 7IM. While strategic acquisitions will continue to be part of 7IM’s long-term growth
strategy, organic growth remains a key pillar of 7IM’s plans. 7IM is committed to continuing to enhance the service and support it offers the intermediary market, which has always been and
continues to be 7IM’s main focus.

Commenting on the acquisition, Dean Proctor, CEO of 7IM said: “Trevor, John and the team have built an exceptional business, one which shares the same forward-thinking and
client-centric culture as us – so we’re delighted to welcome Eastcote into the 7IM family.

“We have had a presence in London and Edinburgh since our earliest days, but as part of our commitment to helping clients meet their financial goals through personalised and comprehensive financial planning, we wanted to expand our footprint across key wealth centres in the UK. Having a base of operations in the Midlands felt like the next natural step, and
Eastcote’s presence in the region will help us broaden our reach to a new audience.

“While Eastcote is the third financial planning firm we have acquired, 7IM’s approach to M&A remains unchanged; we only pursue opportunities where we see genuine strategic value for all
parties involved. We remain committed to complementing our M&A activity with strong organic growth plans to cement 7IM’s position as one of the leading vertically integrated wealth
managers in the UK.”

John Ruddick, Managing Director at Eastcote Wealth Management comments: “This marks an exciting milestone for both our team and our valued clients as we join the 7IM family –
a firm rapidly expanding in both scope and reputation.

“Along with its scale and ambition, a key attraction of 7IM is its commitment to and its focus on building long-term partnerships with clients, both of which are at the heart of Eastcote’s
philosophy and culture.

“We look forward to being part of this fantastic business and working together to deliver the best possible outcome for all our clients.”


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