7IM has announced that Ontario Teachers’ Pension Plan, Canadian pension fund has completed its acquisition of a majority stake in the firm from Caledonia Investments.

7IM was founded in 2002 and now manages approximately £23bn of assets on behalf of more than 2,300 financial advisory firms and approximately 10,000 private wealth clients across the UK.

As part of the acquisition, 7IM CEO Dean Proctor will stay at the firm’s leadership team, and the company will continue to offer multi-asset investment management capabilities and platform services. It will also still work with UK financial advisers and private wealth clients.

Dean Proctor commented on the deal: “We’re incredibly excited to be starting a new chapter in 7IM’s history. After two decades of growth, where we have grown from a challenger brand to an established name, now is the perfect time to start working with our new investment partner whose scale and capability can help support us in our ambitious next phase of growth.

“One of the key attractions of our partnership with Ontario Teachers’ is not only its deep support of the team and our strategy, but also its culture of partnership – something which is very much at the heart of our 7IM culture.”

He added: “While we have ambitious growth plans, we remain fully committed to our ongoing investment in innovation, technology and our people, so that we can continue support our vision of delivering an unrivalled experience for both advisers and clients.

“With the support of Ontario Teachers’, we look forward to fulfilling our strategic ambitions and further cementing our position as one of the leading vertically integrated wealth management businesses in the UK.”


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