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Rockhold Asset Management reaches over £1bn of assets

Rockhold Asset Management, the investment business established by Adviser Services Holdings Ltd (ASHL) in 2021, has reported that, despite a challenging economic background, it has already attracted over £1bn of assets. ASHL owns the Sense and Lyncombe networks with over 400 Advisers and £8bn assets under advice and has also recently launched a national advice business, Lync Wealth Management.

Rockhold was originally established with a passive and active discretionary model portfolio service (MPS) to provide a robust investment solution for advisers in the ASHL group. It has subsequently expanded its range of services to include blended, income and sustainable MPS solutions, two managed funds and a joint venture with LGT Wealth offering discretionary portfolio services to very high net worth individuals, all of which sits under the oversight of the Rockhold investment committee and has been designed to fit with the advice processes and risk framework adopted by the networks within the group.

The range of very competitive solutions, coupled with an investment risk framework aligned with the risk profiling tools used by network members, has led to considerable adoption by ASHL firms including several IFA’s who recognise the benefits of a proposition which incorporates robust due diligence and on-going oversight in line with Consumer duty requirements.

ASHL’s CEO Michael Couzens commented “We are delighted by the progress that Rockhold has made since launch with the full support of our member firms. The control that we have over the risk framework of the proposition and the policy of pursuing value for clients, is consistent with the new Consumer Duty requirements and means that the proposition is increasingly attractive to advisers within the ASHL group. As our size continues to grow, we will be using our increased scale to pursue bringing costs down to the benefit of clients, which is also consistent with the objectives of the new legislation”.

Lee Hughes, Principal at Tatton Financial Planning IFA Firm said “We decided to adopt Rockhold as part of our IFA proposition as we benefit from using a solution which provides robust oversight and compliments our advice processes culminating in excellent outcomes for our clients”