Canadians buy UK wealth manager Seven Investment Management in 255m deal
Daily Mail 2023-09-05 21:55:21 • 2 mins
Deal: 7IM was Co-founded by investment guru Justin Urquhart-Stewart (pictured)
One of the worlds biggest pension funds has snapped up a British wealth manager in a much-needed vote of confidence in the City.
The Ontario Teachers Pension Plan, which looks after 150billion for more than 300,000 savers, has bought a majority stake in Seven Investment Management (7IM) for 255million.
Co-founded by investment guru Justin Urquhart-Stewart in 2002, 7IM provides wealth and asset management and platform services to 2,300 advisory firms and 7,000 private clients across the UK. Based in London and Edinburgh, it has 21billion of assets and more than 500 staff.
