7IM Group saw its assets under management (AUM) climb 9.2% to £14.6bn in its full year to 31 December 2019, with increases in revenue and profits.
In an update on Tuesday (25 August), the firm said it had been buoyed by "the development and implementation of a refreshed company strategy and culture, as well as several senior appointments". Its AUM rose to close in on the £15bn mark, up from £13.3bn at the 2018 year-end, while group profits before tax soared 15% to £9.3m on group revenue of £70.9m, up 5.2%. The results account for the period before Covid-19 hit, with no update on the current year's trading. CEO Dean Proctor said 2019 was "a year of change" in which the company "maintained our positive momentum and we have seen...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
