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 cutting edge technology has, in my view, proven some tangible changes and benefits for our business."
7IM will introduce a 25bps platform fee for its own funds by April 2014, following the Financial Conduct Authority's (FCA) ban on cross subsidies. Currently, 7IM do not charge a platform fee when its own funds are purchased on the platform.
First mentioned in Cridland Report
Second acquisition of 2019
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.
Four key areas to focus on
And 94% for critical illness