City of London-based Partners Wealth Management, part of the 7IM group, has acquired Surrey Financial Planning firm Navigate Capital Management for an undisclosed amount.

The deal adds £170m AUM to Partners and 175 clients.

It means Partners will be advising on combined assets totalling £6.2bn on behalf of 5,700 private clients.

Navigate is based in Guildford and will retain its office there but will rebrand to be known as Partners Wealth Management. The firm has been authorised since September 2018, according to the FCA Register.

The company said that by combining NCM’s expertise and regional strength with Navigate's scale, resources, and approach, the newly-rebranded firm will deliver wealth management for individuals, families and businesses.

Fiona Oliver, managing partner at Partners, said: “By uniting under the PWM brand, we are bringing together the depth of Navigate’s expertise with the scale and support of our national platform. Together, we are better equipped than ever to help clients achieve financial freedom."

Philip Warren, founder and director of Navigate, said:
“Today marks the next exciting chapter for our clients and team. By uniting with Partners Wealth Management, our clients and professional partners can expect more value, delivered with the same dedication, expertise and experience they’ve come to expect from us."

In January 2024, Ontario Teachers’ Pension Plan, a global investor with net assets of $266.3bn (£196.15bn) (as at 31 December 2024), acquired a majority stake in investment manager 7IM.

Partners was established in 2004 by four founders. In March Partners completed the acquisition of Aberdeen-based Johnston Carmichael Wealth for an undisclosed sum. The deal bright in in around £855m in assets for around 1,500 private clients.

Last November 7IM struck a deal to buy LYNC Wealth Management and Rockhold Asset Management from Adviser Service Holdings. The deal brought 28 financial advisers to 7IM.