Adviser Services Holdings has agreed to sell LYNC Wealth Management to an affiliate of the 7IM Group.
Since its inception in 2022, ASHL has grown its independent and restricted advice networks to more than 450 advisers with around £9bn of assets under advice.
It began buying firms under the LYNC Wealth Management umbrella in 2023 and was designed to offer an exit route to adviser firms who want to step back from ownership while remaining involved in the business or for adviser retirement planning purposes.
To date, LYNC has bought seven firms that collectively manage £500mn of assets under advice and plans to purchase an additional seven firms in the coming months.
LYNC will be established as an appointed representative of the Lyncombe network (ASHL’s restricted network) as part of the sale to an affiliate of the 7IM Group.
It will still benefit from the current leadership team, ensuring stability for all clients and stakeholders.
Michael Couzens, chief executive of ASHL, said: “This transaction marks a significant milestone for ASHL, enabling us to build on our success in supporting financial advisory businesses across the UK, which has served us so well since our earliest days.
“With the financial backing of the wider 7IM Group, LYNC Wealth Management is poised for further growth through acquisitions and partnerships with financial advisory firms across the UK.
"We are excited for the future and look forward to ASHL’s continued partnership with LYNC Wealth Management as it enters this new phase.”
The deal will allow ASHL to focus on its mission to support the advice firms within its network.
alina.khan@ft.com
