Seven Investment Management has merged its private client business with Amicus Wealth to create Amicus Wealth Management, highlighting continued consolidation across the UK wealth management sector.

The merger follows 7IM’s acquisition of Amicus Wealth in December 2023 and is designed to strengthen the firm’s position in the UK wealth management market.

7IM Amicus Wealth Management merger: Strategic rationale

The merger combines scale, talent and capability to support long-term client outcomes. According to Dean Proctor, the integration represents a major step in 7IM’s growth strategy, creating a more resilient business able to deliver high-quality financial planning and investment advice.

Leadership highlighted strong cultural alignment between the teams, which will support integration and long-term expansion. The new structure also allows the firm to invest further in technology, advisory services and client experience.

Scale of the combined business

Amicus Wealth Management will operate from London with approximately 100 professionals managing around £3bn in assets.

The firm will serve nearly 4,000 clients across the UK. Ben Covey and David Fry will lead the business as managing directors.

Market implications

Consolidation continues to shape the UK wealth management sector. Firms increasingly combine advisory and investment management capabilities to build larger, scalable platforms.

This trend allows businesses to broaden client services while increasing operational efficiency and investing in talent and technology.

Insight for business owners

Transactions like this show how scale and integrated capabilities are becoming increasingly valuable in financial services. Strategic buyers are often looking for firms with established client relationships, recurring revenue, and strong advisory teams.

For business owners considering a future sale, building a business with clear client value, scalable operations, and strong long-term relationships is essential. Understanding how buyers expand through acquisitions can help shape exit planning strategies.