Platform boost pushes 7IM assets past £5bn mark

Seven Investment Management (7IM) has seen assets under management (AUM) pass the £5bn mark for the first time in the firm's eleven year history.

7IM currently has £5.1bn in AUM split across its platform, funds and models. The platform accounts for £2.8bn, with £1.7bn in discretionary portfolios, while the amount held in funds and models totals £2.3bn. The total amount managed by 7IM has risen by 24% over the previous 12 months, up from £4.1bn in 2012. 7IM chief executive Tom Sheridan said: "We are very proud of what our team has achieved over the decade, but I am even more grateful and appreciative for all the support and ideas that the planning and advisory community has given us over this time. Practical innovation led by...