April 25, 2024
Finance

Investment company acquire Solihull finance firm


AN INVESTMENT company has bought a Solihull finance firm as it looks to gain a presence in the region.

7IM has completed the acquisition of Eastcote Wealth Management which has 12 financial planners and manages £430million of assets for around 730 clients.

As part of the transaction, Eastcote Wealth Management will, for the time being, continue to maintain its brand and independent investment proposition, which will allow its advisers to focus their time on servicing and delivering the best outcomes for clients.

Eastcote will also retain its existing management team led by John Ruddick, David Fleet, Jonathan Hearn, and Robert Kenyon.

The founder, Trevor Law, will also continue in his position as a consultant to the firm.



John Ruddick, managing director at Eastcote Wealth Management said: “This marks an exciting milestone for both our team and our valued clients as we join the 7IM family – a firm rapidly expanding in both scope and reputation.

“Along with its scale and ambition, a key attraction of 7IM is its commitment to and its focus on building long-term partnerships with clients, both of which are at the heart of Eastcote’s philosophy and culture.

“We look forward to being part of this fantastic business and working together to deliver the best possible outcome for all our clients.”

Dean Proctor, chief executive of 7IM said: “Trevor, John and the team have built an exceptional business, one which shares the same forward-thinking and client-centric culture as us – so we’re delighted to welcome Eastcote into the 7IM family.

“We have had a presence in London and Edinburgh since our earliest days, but as part of our commitment to helping clients meet their financial goals through personalised and comprehensive financial planning, we wanted to expand our footprint across key wealth centres in the UK.

“Having a base of operations in the Midlands felt like the next natural step, and Eastcote’s presence in the region will help us broaden our reach to a new audience.”

 





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