Adviser assist agency and Sense community proprietor Adviser Companies Holdings Restricted (ASHL) has acquired two Monetary Planning companies by way of its rising nationwide recommendation enterprise, LYNC Wealth Administration.
It has acquired Friarsgate Monetary Planning in Chester and Richard Armitage Wealth Administration South West Restricted in Newton Abbot, Devon.
The 2 acquisitions will add greater than £200m AUA and 500 wealth shoppers to LYNC, greater than doubling its shoppers and AUA.
ASHL acquired Sheafmoor Cash Administration in Sheffield and North Monetary Administration in Belfast to type the muse for the brand new LYNC enterprise in March. The companies had a complete of greater than £180m in property below recommendation and 450 wealth shoppers.
The corporate stated LYNC enhances ASHL’s current community providing by way of Sense and Lyncombe, by offering succession planning choices for recommendation companies throughout the group and throughout the broader market. Of the 4 acquisitions thus far, two have been from throughout the group and two from Quilter Monetary Planning.
Darren Sales space, founding father of Friarsgate Monetary Planning, stated: “The ASHL group has been instrumental in our profitable journey. The graceful transition from Sense community will make sure the continuity of service between our devoted workforce and our valued shoppers.”
Richard Armitage, proprietor of Richard Armitage Wealth Administration South West Restricted, stated: “I’m happy to be working once more with advisers and senior administration at ASHL, with whom I’ve robust relationships and certainly share the identical values in terms of taking care of shoppers.”
Michael Couzens, chief govt of ASHL, stated: “Our philosophy will proceed, which is regular development focussing on high quality companies and shut relationships with folks, together with the tip consumer. We have now a pipeline of comparable alternatives, and now that we’ve bedded in our processes, we’ll start providing this extra broadly to our member companies and throughout the market.”
Adviser Companies Holdings Restricted (ASHL) is a privately owned firm run by the house owners and small buyers. It was included on 22 Could 2019.
ASHL’s sister discretionary fund administration enterprise Rockhold Asset Administration has greater than £900m in AUM and expects to hit £1bn within the coming months.
Among the many key figures behind ASHL are chief govt Michael Couzens, who has a 25 12 months profession in governance and compliance; managing director Andy Ferns, who led distribution networks at Zurich and Openwork and was a founding director of Caerus Community which was bought in 2017, and business director Stuart Creswell, who was beforehand head of relationship administration at Sesame Bankhall and has labored at Paradigm Companions, Paradigm Monetary Advisers and Caerus Community.
