With over 20 years’ experience in the investment management industry in Jersey and the UK, Grant Hamilton was ready to take on a new challenge with an entrepreneurial edge. When renowned investment management company, Seven Investment Management (7IM), decided to expand into Jersey, they asked Grant to head up the company’s new office.
7IM was originally founded in the UK in 2002 by seven highly-respected industry experts, including the renowned financial media commentator Justin Urquhart Stewart.
“The ethos of the company is to provide investment management services that the team would be happy to use themselves or for their family. This same principle continues to drive the company today and it currently manages around £14bn of client assets.” Grant explains.
7IM has a comprehensive investment management offering and services many sectors of the market. It is also a specialist in platform services which has helped revolutionise the way independent financial advisers (IFAs) carry out investment business.
“We have recently developed our 7IM Fiduciary service which brings the technology and its advantages to international trust companies. Our app, 7IMagine, remains very popular, providing clients with a visual, interactive oversight of their assets all in one place; perfect for our ‘on the go’ clients.”
An island of expertise
Before setting up an office on the island in May 2018, 7IM already had a strong client base in Jersey. The company decided it needed to service its Jersey clients better and so set up a physical presence and on-island team, to increase 7IM brand awareness and attract further new business.
“It has been a good move for 7IM. We have found some talented people with expertise in the financial and legal sectors to help us staff and set up the office. We have a lot of standard investment management business, but there is also an appetite for 7IM’s platform services, particularly from IFAs, wealth planners, consultants and trust companies.”
Discussing the process of setting up an office in Jersey, Grant was familiar with the island’s business environment having hailed from Jersey originally himself.
“I knew who to approach and Locate Jersey was one the first ports of call for 7IM. Their inward investment team offered a very warm welcome to the company and could clearly see there was a place for us on the Island. The Jersey Financial Services Commission was also incredibly thorough and professional, leaving no stone unturned and ensuring 7IM would hit the ground running."
“It has been very interesting to see the positive take up and interest in our services. Jersey is very open minded and open for business in that sense - an essential attitude needed for innovation and future-proofing as an International Finance Centre.”
Looking to the future, 7IM is an evolving and growing business and it is clear that Jersey will play an important part in this process, as Grant told us:
“While we continue to service our valued clients in Jersey, a network that is ever expanding, we are also going to start making connections beyond this shoreline. 7IM has also recently attained a licence to service and advise clients in Guernsey, from our Jersey office.
“I, personally, have always seen the Channel Islands as a stronger force when they work together, albeit each have their own strengths, and 7IM will be embracing this attitude by conducting business across the Channel Islands.”
Seven Investment Management LLP is authorised and regulated by the Financial Conduct Authority, the Jersey Financial Services Commission and the Guernsey Financial Services Commission. Member of the London Stock Exchange. Registered office: 55 Bishopsgate, London EC2N 3AS. Registered in England and Wales number OC378740.