View more on these topics

7IM sees assets grow to £11bn

7IM also reported a 3 per cent increase in pre-tax profit for the year

Seven Investment Management’s assets under management grew by 8 per cent to £10.9bn in the year ended 31 December 2016.

The company’s profit before tax also grew from £18.1m in 2015 to £18.6m last year; a 3 per cent increase.

7IM platform assets were up by 24 per cent during 2016 to £3.9bn.

Seven Investment Management chief executive Tom Sheridan says assets under management for the discretionary fund management service also grew but its exit from the institutional market saw a loss of £340m in assets.

Sheridan says: “15 years since our launch, we remain true to our original premise of managing money, and risk, to ‘expected returns’ over the medium to long term.  It’s a strategy which we have delivered on, with asset allocation behind everything we do, and our ability to manage currency risk also proving helpful.”

He adds: “Our multi-asset, global approach, blending both active and passive strategies, continues to help us manage the risk–reward trade off at a time when geopolitical tensions make a ‘risk off’ strategy, for us, currently more attractive.”



The Big Interview: How 7IM’s boss ‘lucked out’ on his path to industry leader

Seven Investment Management chief executive Tom Sheridan explains why seven seasoned industry executives quit their plush posts at previous employers to establish the firm back in 2001. “We gave our lords and masters our ideas on how to run the business and they said ‘no’.” Over sumptuous fish at Bread Street Kitchen near St. Paul’s, […]

Platform focus: 7IM’s quiet bid to attract assets

Amidst the feverish speculation over platform deals and market consolidation engulfing our industry in recent weeks, Seven Investment Management continues to plough its own furrow. 7IM does not go in for industry navel gazing: the charismatic management team of Justin Urquhart Stewart, Tom Sheridan and, on the platform side, Verona Smith is more focused on its […]


How will the FCA assess value for money on platforms?

How the FCA assesses value for money will be crucial to its upcoming platform market study as the regulator prepares to investigate competition in a sector with a wide range of business models. In its 2017/18 business plan, the FCA revealed it will focus on both direct-to-consumer and advised platforms through a market study to […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment