Rockhold Asset Management, which was set up in 2021, has now attracted more than £1bn of assets.
It was established by Adviser Services Holdings which owns the Sense and Lyncombe networks with more than 400 advisers and £8bn assets under advice.
Since it was started, Rockhold has expanded to provide blended, income and sustainable managed portfolio services. It also includes two managed funds and a services for “very high net individuals”.
Reaching £1bn was welcomed by the “delighted” CEO of ASHL, Michael Couzens.
He said: “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 [consumer duty] legislation”.
One of the Rockhold’s clients is Tatton Financial Planning.
Lee Hughes from the 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”
tara.o'connor@ft.com
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