7IM completes PWM acquisition as assets swell to £17bn

The 100% share acquisition was initially announced in March, but had been held up owing to the fallout of the coronavirus pandemic. It follows the purchase of TCAM in 2018 and comes as part of a wider push for inorganic asset growth at 7IM. PWM will continue to operate as an independent company, retaining its brand, identity and leadership, but will see integration of some back-office functions and benefit from 7IM's technological capabilities. The acquisition will see 7IM take on PWM's £2bn of assets and brings the group's staff count to over 400 people. Speaking to Investment ...