Wealth and investment manager 7IM has agreed to acquire ASHL Group’s Rockhold Asset Management, subject to regulatory approval.

The firm stated that the strategic acquisition would complement its existing investment management capabilities, helping 7IM to deliver “innovative and diversified” investment solutions to its clients across the UK.

The transaction will result in 7IM’s assets under management increasing to approximately £27bn.

Rockhold Asset Management was launched by ASHL Group in 2022 and currently manages around £2bn of assets.

It offers a managed portfolio service (MPS), multi-manager funds, and a full bespoke discretionary management services to the clients of the advisory firms operating within the Sense and Lyncombe networks, which it will continue to serve.

7IM stated that the acquisition would enable it to broaden its funds and MPS offering, which will have more than £10bn under management.

Rockhold Asset Management will continue operating under its current brand and leadership, and will remain as the primary model portfolio proposition for ASHL’s restricted advisers, while also being available to independent advisers in the Sense and Lyncombe networks as a ‘suitable fit’ within their advice processes and risk assessment framework.

Commenting on the announcement, 7IM CEO, Dean Proctor, said: “We are thrilled to welcome the team at Rockhold Asset Management to the 7IM group. The acquisition is a natural fit for us, as it strengthens our commitment to offering clients the best possible investment options and services.

“It also marks an important milestone in our growth strategy, reinforcing our position as a trusted partner for investors, financial advisers, and advice firms seeking diversified, high-quality investment solutions.

“While strategic and selective acquisitions will remain a key part of our long-term strategy, organic growth continues to be a central pillar of 7IM’s plans moving forward, and we will continue to invest in and develop our existing capabilities for our clients to drive our growth.”

ASHL/Rockhold Asset Management managing director, Andy Ferns, added: “Following our outstanding growth over the last few years, our discretionary fund management business will now benefit from the partnership with 7IM, a leading investment business.

“ASHL advisers using Rockhold’s portfolios will now have unique access to 7IM’s unquestionable investment capability, award-winning platform and market-leading solutions.

“We have always prided ourselves on delivering superior solutions and services for our clients, and we believe that 7IM’s client-focused approach and depth of experience will allow us to take our offerings to the next level.”

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