Dyer Baade advises shareholders of Amicus Wealth on sale to 7IM

7IM acquires Amicus Wealth as part of its strategic growth plans

(London, 11 December 2023) Dyer Baade & Company acted as exclusive financial adviser to the shareholders of Amicus Wealth on the sale of the business to 7IM.

Based in the City of London, Amicus Wealth had developed into a substantial financial planning and advice business serving high-net-worth private clients. At the time of the transaction, its 35+ financial advisers advised approximately 3,000 clients with around £1 billion of assets.

7IM was an established UK wealth and investment manager with approximately £21 billion of assets under management at the time of the acquisition. The addition of Amicus increased the combined group’s assets to approximately £22 billion and expanded 7IM’s financial planning capabilities.

The transaction formed part of 7IM’s strategy to combine organic growth with selective M&A and followed the announcement that Ontario Teachers’ Pension Plan Board had agreed to acquire a majority stake in 7IM to support the next stage of the group’s development.

As part of the transaction, Amicus initially retained its existing brand, identity and leadership under Managing Director David Fry. 7IM provided access to its technology platform, investment capabilities and wider operational infrastructure, while allowing the Amicus team to remain focused on client service and growth.

David Fry, Managing Director of Amicus Wealth, said:

“7IM felt like a natural fit to help take us forward due to its modern culture and shared values, as well as its highly regarded and award-winning technology and solutions. We’re delighted to be partnering with Dean and his team and look forward to working with 7IM to drive growth at Amicus Wealth by delivering the best possible outcomes for our clients.

“It was a pleasure to have Daniel and the team on our side - they were flawless from start to finish.”

Dr Daniel Baade, CEO of Dyer Baade & Company and lead adviser to Amicus on the transaction, said:

“We were delighted to advise the shareholders of Amicus on this transaction. They had built a high-quality financial planning business with significant scale, an experienced adviser base and strong long-term client relationships.

“The objective was not simply to identify a buyer, but to find a partner capable of supporting the next phase of the business while preserving the qualities that had made Amicus successful. 7IM offered a compelling combination of cultural fit, technology, investment capabilities and strategic ambition.”

A strategic combination in UK wealth management

The transaction brought together a scaled financial planning business with one of the UK’s established vertically integrated wealth managers.

For Amicus, the partnership provided access to a broader investment proposition, technology platform and operational infrastructure while creating additional capacity for growth.

For 7IM, the acquisition materially expanded its financial planning capability and added approximately £1 billion of client assets to its platform.

The strategic rationale has continued to develop following the transaction. In March 2026, 7IM combined its London private-client business with Amicus Wealth to create Amicus Wealth Management, bringing the businesses together under a unified advice-led wealth management proposition.

Dyer Baade’s role

Dyer Baade & Company advised the shareholders of Amicus Wealth throughout the transaction, including strategic positioning, buyer identification and engagement, management of the competitive sale process, valuation, transaction structuring and negotiations through to completion.

The process involved engagement with a carefully selected group of strategic buyers and was designed to identify a partner offering both an attractive shareholder outcome and a strong long-term strategic and cultural fit for the business, its advisers and clients.

The transaction added to Dyer Baade’s track record advising owners of scaled UK wealth management and financial planning businesses on strategic sales to institutional acquirers.