Seven Investment Management, which caters to wealth managers, planners and advisers, has reached £7bn in assets under management.
The firm launched in 2002 in order to escape a preoccupation with “making money out of clients rather than making money for their clients”, according to its co-founder Justin Urquhart Stewart.
The firm’s offerings include a platform, a discretionary management service, a range of risk-rated funds as well as cash deposits and lending facilities.
Its chief executive Tom Sheridan said the firm was had started to “cut through some of the old terminology and traditional investment structures, which seemed to be there for the benefit of the industry and not the client”.
Adviser view
In response to the issue raised by Mr Urquhart Stewart, namely how the industry had focused on itself instead of its customers, Bob Wilson, financial adviser for Norfolk-based Greensky Wealth: “The industry is getting better since RDR but yes, there have been problems with the industry and how it treats clients.”
