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Smith & Williamson completes acquisition of 7IM Jersey assets

Matt Falla, managing director, said the firm has seen ‘considerable’ expansion in its Jersey business and this deal recognises its ‘ambition’ to continue expanding in the international market.

Smith and Williamson International Limited – part of leading wealth management and professional services group, has announced that it has completed a transaction to acquire the trust and private client book of 7IM Jersey.

7IM will continue to provide services to its platform clients in Jersey. Grant Hamilton, director at 7IM Jersey, will join Smith and Williamson International’s office in St. Helier, Jersey.

According to the firm, 7IM Jersey provides investment management services to private clients and trusts, which will complement Smith and Williamson International’s business which creates bespoke investment management strategies for a range of clients.

Within the broader Tilney Smith and Williamson group, the Jersey office also provides international tax and business advisory services.

Hamilton joined 7IM in 2017 with a remit to open and head up the firm’s new Jersey office. Prior to 7IM, Hamilton was a director at Rathbones in Jersey where he was responsible for developing relationships with trustees, consultants and private clients.

The firm added that Hamilton is an associate member of the Institute of Financial Services and a member of the Chartered Institute of Securities and Investments.

Matt Falla, managing director at Smith and Williamson International, said: “I am delighted that we have completed the acquisition of the trust and private client book and I would also like to warmly welcome Grant to our team.

“We have seen considerable growth in our Jersey business in recent years and, as we prepare to re-brand to Evelyn Partners in the coming months, this deal recognises our ambition to continue expanding in the international market.”

Hamilton added: “This is a wonderful outcome for both the clients and myself. Smith and Williamson International have an experienced and growing team in Jersey, tailored investment solutions for offshore and local clients and the backing of a leading wealth management firm in the UK.”

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