Platform and investment manager 7IM has reported group pre-tax profits rose 15% to £9.3m in 2019.

Justin Urquart Stewart, co-founder of Seven Investment Management, has set up SME investment business Regionally with TATA VP and Accenture Partner Jim Odell.

One of the best known figures in UK investment, Justin Urquhart Stewart, is to take on a new ambassadorial role at 7IM, the company he co-founded, as he retires and steps down from his full-time position with the firm.

Seven Investment Management has added a tailored drawdown option for its SIPP which it says will allow advisers “more flexibility” when managing the quantity and frequency of a client’s drawdown payments.