- Experts rate 7IM highly as a comprehensive wealth manager, particularly for clients with investments starting at £500k. They commend the firm for its innovative technology and transparent fee structure, which is designed to keep costs low. However, some experts note that 7IM may lack the level of personalisation found in boutique firms, which could be a consideration for clients seeking a more tailored approach.
- Across 17 user reviews on Good Money Guide, averaging 4/5, customers frequently highlight the strong personal service and responsiveness of 7IM’s advisers. Many users appreciate the effective management of their investments and the breadth of services offered. However, a few clients express concerns regarding the potential for fees to accumulate, particularly for those needing more specialised services.
7IM Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.- Wealth Management Rating5.0
Pros
- Strong combination of technology and personalized wealth management.
- Transparent, competitive fee structure for the services offered.
- Innovative investment platform providing a user-friendly experience.
Cons
- May not offer as much personalization compared to boutique wealth managers.
- Some clients may find their focus on technology less suited to more traditional, hands-on approaches.
- Fees can add up for clients requiring more specialized services or larger portfolios.
See full expert review
Our verdict
7IM is a good all-round wealth manager for clients with £250k upwards. A simple pricing structure also helps keeps costs low. Is 7IM a good wealth manager?
A good all-round wealth manager for clients with £500k upwards. A simple pricing structure also helps keeps costs low.
7IM has a solid reputation for combining innovative technology with traditional wealth management services. They are known for their client-centric approach and transparent investment strategies. Their use of cutting-edge technology, such as their platform for managing investments, sets them apart in the wealth management space.
Fees: 7IM has an initial charge for advice, research and arranging investments which is tiered from 3% to 0.25% f the sum invested as set out below:
Up to £300k – 3%
£300k to £1m – 2%
£1m to £5m – 1%
£5m to £10m – 0.5%
£10m+ – 0.25%
7IM ongoing fees are charged based on a % of the relevant investment funds as per the table below:
£300k to £2m – 1.0%
£2m to £5m – 0.8%
£5m to £10m – 0.6%
£10m+ – 0.4%
7IM Customer reviews
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.4.0Very goodBased on 17 reviews
- Excellent53%
- Very good18%
- Basic18%
- Poor0%
- Bad12%
What customers like
- Personalised client service
- Efficient investment management
Read customer reviews
Very satisfied client
I am a long standing client of 7IM. I have utilised their services in different ways over the lifespan of my time with them from building my wealth to financial planning for retirement.
7IM combines the security of being part of a large financial group with a personal service. I have always been impressed with the advisors who support me directly as well as the individuals with whom I have had shorter interactions.
Always there for you
I have been investing with 7IM for many years, as a private client. They have invested on few platforms over the years and manage my Isas. They have guided my investments with due diligence and keep me informed of market changes.
Satisfied client
As a long term client with a broad based investment portfolio,I have always been impressed with the prompt, courteous and efficient service to have received.
Very personal service
Impressed by the personal service the advisers give their clients and also, the breadth of services they have on offer
I am a new comer…
I am a new comer and again thru my FA
1/5
Pros:
Nothing
Cons:
Customer service
3/5
Pros:
The nice user interface on their app (but looks aren’t everything!)
Cons:
Make their app more functional – I prefer simple lists to animated charts
5/5
5/5
3/5
3/5
Pros:
lower fees
Cons:
lower fees
4/5
Pros:
personal support
Cons:
nothing really
4/5
5/5
1/5
Pros:
Nothing
Cons:
???
5/5
Pros:
Investment performance
Cons:
No thoughts
Alexander West @ 05/06/2020 12:36
Overall a great breadth of knowledge and refreshingly honest, very easy to work with and to trust, which is ever harder
Leave a review
- Experts rate 7IM highly as a comprehensive wealth manager, particularly for clients with investments starting at £500k. They commend the firm for its innovative technology and transparent fee structure, which is designed to keep costs low. However, some experts note that 7IM may lack the level of personalisation found in boutique firms, which could be a consideration for clients seeking a more tailored approach.
- Across 17 user reviews on Good Money Guide, averaging 4/5, customers frequently highlight the strong personal service and responsiveness of 7IM’s advisers. Many users appreciate the effective management of their investments and the breadth of services offered. However, a few clients express concerns regarding the potential for fees to accumulate, particularly for those needing more specialised services.
7IM Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.- Wealth Management Rating5.0
Pros
- Strong combination of technology and personalized wealth management.
- Transparent, competitive fee structure for the services offered.
- Innovative investment platform providing a user-friendly experience.
Cons
- May not offer as much personalization compared to boutique wealth managers.
- Some clients may find their focus on technology less suited to more traditional, hands-on approaches.
- Fees can add up for clients requiring more specialized services or larger portfolios.
See full expert review
Our verdict
Is 7IM a good wealth manager?
A good all-round wealth manager for clients with £500k upwards. A simple pricing structure also helps keeps costs low.
7IM has a solid reputation for combining innovative technology with traditional wealth management services. They are known for their client-centric approach and transparent investment strategies. Their use of cutting-edge technology, such as their platform for managing investments, sets them apart in the wealth management space.
Fees: 7IM has an initial charge for advice, research and arranging investments which is tiered from 3% to 0.25% f the sum invested as set out below:
Up to £300k – 3%
£300k to £1m – 2%
£1m to £5m – 1%
£5m to £10m – 0.5%
£10m+ – 0.25%
7IM ongoing fees are charged based on a % of the relevant investment funds as per the table below:
£300k to £2m – 1.0%
£2m to £5m – 0.8%
£5m to £10m – 0.6%
£10m+ – 0.4%
7IM Customer reviews
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 17 reviews
- Excellent53%
- Very good18%
- Basic18%
- Poor0%
- Bad12%
What customers like
- Personalised client service
- Efficient investment management
Read customer reviews
Very satisfied client
I am a long standing client of 7IM. I have utilised their services in different ways over the lifespan of my time with them from building my wealth to financial planning for retirement.
7IM combines the security of being part of a large financial group with a personal service. I have always been impressed with the advisors who support me directly as well as the individuals with whom I have had shorter interactions.
Always there for you
I have been investing with 7IM for many years, as a private client. They have invested on few platforms over the years and manage my Isas. They have guided my investments with due diligence and keep me informed of market changes.
Satisfied client
As a long term client with a broad based investment portfolio,I have always been impressed with the prompt, courteous and efficient service to have received.
Very personal service
Impressed by the personal service the advisers give their clients and also, the breadth of services they have on offer
I am a new comer…
I am a new comer and again thru my FA
1/5
Pros:
Nothing
Cons:
Customer service
3/5
Pros:
The nice user interface on their app (but looks aren’t everything!)
Cons:
Make their app more functional – I prefer simple lists to animated charts
5/5
5/5
3/5
3/5
Pros:
lower fees
Cons:
lower fees
4/5
Pros:
personal support
Cons:
nothing really
4/5
5/5
1/5
Pros:
Nothing
Cons:
???
5/5
Pros:
Investment performance
Cons:
No thoughts
Alexander West @ 05/06/2020 12:36
Overall a great breadth of knowledge and refreshingly honest, very easy to work with and to trust, which is ever harder
Leave a review
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
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