7IM Customer Reviews
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. 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. 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. 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 and again thru my FA Pros: Nothing Cons: Customer service 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 chartsTell us what you think of this provider.
Very satisfied client
Always there for you
Satisfied client
Very personal service
I am a new comer…
1/5
3/5
5/5
5/5
3/5
7IM Expert Review
7IM Wealth Management Review
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 below table:
£300k to £2m – 1.0%
£2m to £5m – 0.8%
£5m to £10m – 0.6%
£10m+ – 0.4%
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.
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Wealth Management Rating
(5)
Overall
57IM News
Ben Covey, head of private clients at 7IM on building trust, relationships, and transparency in wealth management
https://youtu.be/ZGpsb3xCqRY In our latest CEO interview, Ben Covey, head of private clients at 7IM, tells us about the wealth manager’s client-centric approach to wealth management, emphasizing the importance of personal relationships and transparency in costs. He outlines the comprehensive services offered, including wealth management, tax optimization, and investment strategies, while highlighting the evolving needs of
Partners Wealth Management Acquired by 7IM
Award winning financial planning firm, Partners Wealth Management (PWM) has been acquired by 71M The new deal will see Partners Wealth Management and 7IM continue to operate as separate companies under their own leadership teams and branding. Wealth manager PWM was founded in 2004 and has experienced rapid growth over the past few years with
Justin Urquhart Stewart, Co-Founder of 7IM on the importance of planning your financial future as soon as possible
I recently sat down to have a chat with Justin Urquhart Stewart, about the ethos of 7IM, the £15billion investment management business he co-founded in 2002. His best and worst moments and the importance of wealth management and making sure that people start planning their financial futures as soon as possible. They generally say you
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.
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