ASHL launches national advice business LYNC Wealth Management
Adviser Services Holdings Limited (ASHL), the rapidly expanding adviser support service provider, has launched a national advice business, LYNC Wealth Management, with its first two wealth manager acquisitions.
Sheafmoor Money Management (Sheffield) and North Financial Management (Belfast) will form the foundation of LYNC Wealth Management with over £180m assets under advice and 450 wealth clients.
The national advice business will sit alongside ASHL’s existing networks, Sense and Lyncombe, which provide support to over 400 Advisers with over £7bn assets under advice and recently announced a very strong revenue performance up 66% to £71m.
ASHL’s discretionary fund management business Rockhold Asset Management now has over £900m AUM and expects the rate of current inflows to take this to well over £1bn in the coming months.
Chris West Sheafmoor founder said……For over six decades now the Sheafmoor brand name has thrived because client needs have been at the heart of everything we do, so we are delighted to be an integral part of ASHL’s new business Lync Wealth Management, as they share the same values and can provide long- term continuity of service to our highly valued clients.
Richard Schwartz owner North Financial Management said…… I have worked with ASHL’s Lyncombe network for nearly four years and have found them to be a very professional operation, as such I’m delighted to be selling my business to ASHL and look forward to working for them for many years to come.
The privately owned ASHL group continues to go from strength to strength…and as we expand our offering to the adviser community, we see succession planning via acquisition or management buyout as key to providing future security to businesses for years to come…
We are delighted to announce the launch of our national advice business, LYNC Wealth Management, which complements our network and provides new options for firm owners who want an even closer relationship.
Sometimes these arrangements are seen as the owner giving up control, our aim is to work in partnership without losing sight of the significant close relationship and experience that the teams in the businesses we acquire have developed with their clients.