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.”