7IM Customer Reviews
Pros: lower fees Cons: lower fees Pros: personal support Cons: nothing really Pros: Nothing Cons: ??? Pros: Investment performance Cons: No thoughts Overall a great breadth of knowledge and refreshingly honest, very easy to work with and to trust, which is ever harderTell us what you think of this provider.
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Alexander West @ 05/06/2020 12:36
7IM Expert Review
7IM Wealth Management Review
Provider: 7IM
Verdict: 7IM provides wealth management, investment management, and financial planning services to individuals, families, charities, and institutions. Their services include discretionary portfolio management, retirement planning, and a range of investment products designed for long-term growth and wealth preservation.
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%
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
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https://youtu.be/ZGpsb3xCqRY In our latest CEO interview, Ben Covey, head of private clients at 7IM, tells us about the wealth manager’s
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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
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.
To contact Richard, please ask a question in our financial discussion forum.
