7IM merges Private Client business with Amicus Wealth to form wealth management firm

7IM has combined its Private Client business with Amicus Wealth to launch a new firm, Amicus Wealth Management.

Amicus Wealth was acquired by 7IM in December 2023, and has merged with 7IM’s Private Client business to form a unified firm with greater scale.

Amicus Wealth Management will look to provide broader advisory expertise, specialist knowledge, and financial planning capabilities to support clients’ financial decisions and outcomes.

The new wealth management company will be based in London and led jointly by managing directors, Ben Covey and David Fry.

The combined firm will comprise of more than 100 professionals overseeing over £3bn of assets for nearly 4,000 clients.

As part of the merger, the firm is launching a new brand and visual identity, aiming to reflect the “confidence, ambition and forward‑looking direction” of Amicus Wealth Management.

Clients will remain with their existing advisers following the merger, with the 7IM platform continuing to underpin client portfolios.

Investment management capabilities will continue to be provided and supported by the 7IM Investment Team.

“The launch of Amicus Wealth Management is a significant milestone for 7IM and a powerful statement of our ambition in the UK wealth market,” commented 7IM chief executive officer, Dean Proctor.

“By bringing together our Private Client business and Amicus Wealth, we have created a firm with the scale, talent and capability to deliver outstanding long-term financial plans and outcomes for clients.

“This is not just a combination of businesses, but the creation of a modern wealth management firm built for long‑term growth, innovation and excellence in client service.”

Amicus Wealth Management managing director, Ben Covey, said: “We are incredibly excited about the opportunities this new chapter creates for our business but most importantly, for our clients.

“Bringing our Private Client business and Amicus Wealth together creates a stronger, more resilient firm with greater depth of expertise – and that means an even better experience for our clients.

“We are building a business with the scale to invest and grow while staying true to our client-first philosophy and supporting people at every stage of their financial journey.”

Amicus Wealth Management managing director, David Fry, added: “There is strong cultural alignment between our teams, and that gives us real momentum.

“Amicus Wealth Management brings together experienced people, high‑quality financial planning and a shared commitment to long‑term client relationships.

“That combination allows us to support clients with clarity and confidence, while continuing to invest in our people, our advice and the overall client experience as we grow.”

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