7IM’s platform assets under management (AUM) also grew 19% during 2017 to £7.7bn while profit increased 4% to £19.4m from £18.6m
Tom Sheridan (pictured), chief executive officer at 7IM, said 2017 was another solid year.
He said: “Caledonia Investments plc, our shareholder since 2015, continues to provide considerable resources and long-term support.
“With a global, actively managed, multi asset approach using both passive and active strategies, and with the flexibility to manage currency risk, we have a distinctive proposition.”
Caledonia Investments is a £1.9bn investment trust controlled by the Cayzer family. 7IM accounts for 5.3% of the portfolio, according to Association of Investment Companies.
7IM is set to see its AUM increase further this year due to its takeover of Tcam Asset Management in a bid to enhance its active management capabilities.
The deal will see the London-headquartered wealth manager acquire 100% of the shares in Tcam, creating a firm with £13.6bn of assets under management.
Last year, 7IM also launched six new funds, including the Dublin domiciled fund range, enhanced by the launch of three new Asset Allocated Passive (AAP) funds.
In October three 7IM Dynamic Planner Portfolio Funds were also launched in conjunction with risk rating agency Distribution Technology.
