7IM completes acquisition of Chichester-based CPN Group
- Simon Bourke
- Mar 3
- 3 min read
Updated: Mar 26
3rd March 2026
Deal summary
Seven Investment Management (7IM) has completed the acquisition of CPN Group, a Chichester-based financial planning and discretionary investment firm. CPN Group operates through two key businesses: CPN Financial Services Limited, which supports more than 2,800 clients and oversees in excess of £750m in assets under advice; and CPN Investment Management LLP, which manages two OEIC funds with approximately £400m in assets under management. Together, the deal adds over £1bn of client assets, comprising over £750m AUA and c£400m fund AUM.
About 7IM
Seven Investment Management (7IM) is a UK wealth management group which oversees £32.5bn of client assets and has more than 900 employees nationwide. The firm is backed by Ontario Teachers' Pension Plan. 7IM has said it is evolving into a more advice-led organisation, with organic growth complemented by targeted acquisitions. 7IM's private client advice activities now operate under the Amicus Wealth Management brand.
About CPN Group
CPN Group was founded in 1986 and is based in Chichester, West Sussex. It operates as two distinct but related businesses: CPN Financial Services Limited provides financial planning to more than 2,800 clients, and CPN Investment Management LLP runs two open-ended investment company (OEIC) funds with roughly £400m under management. The group was a family-owned business; Chris Nicholls founded it and Charlie Nicholls serves as chief executive. CPN's client base and its in-house DFM capability made it an unusual target, combining an advice book with proprietary fund management in a single acquisition.
Why is 7IM acquiring CPN Group?
For 7IM, the acquisition supports its stated strategy of becoming a more advice-led wealth management group. In deal statements, the firm described CPN as a strong fit culturally and operationally, and said the transaction strengthens Amicus Wealth Management as it brings advice businesses together under a single brand.
The acquisition also strengthens 7IM’s presence in the South of England. Alongside the integration of CPN’s financial planning team into Amicus, 7IM is also absorbing CPN’s investment management capability into its Investment Solutions division, which will take on management of CPN’s two OEIC funds. Dean Proctor has said the group intends to continue pursuing targeted acquisitions alongside organic growth.
What happens next?
The CPN Financial Services team will join Amicus Wealth Management, the unified advice brand that 7IM has positioned as the home for its advice businesses, including its former private client business, Amicus Wealth (acquired in 2023) and now CPN Financial Services.
CPN Investment Management will merge with 7IM Investment Solutions, which will assume management of the two CPN OEIC funds. Following the acquisition, 7IM has said the enlarged Amicus business will advise more than 6,800 clients with £3.3bn of assets, while 7IM Investment Solutions will manage around £11bn of client assets.
7IM’s other recent acquisitions
Rockhold Asset Management (ASHL Group) – November 2024
7IM agreed to acquire Rockhold Asset Management to expand its funds and model portfolio service capabilities (terms not disclosed).
Eastcote Wealth Management – March 2024
7IM announced it had completed the acquisition of the Solihull-based advice firm as part of its growth strategy.
Amicus Wealth – December 2023
7IM acquired Amicus Wealth, which has since been integrated into its advice business.
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