Adviser Services Holdings Ltd (ASHL) have today announced that it has entered into an agreement to sell LYNC Wealth Management (LYNC), a subsidiary of ASHL, to an affiliate of the 7IM group. The transaction is subject to regulatory notifications and approval.

Since its inception in 2020, ASHL has successfully grown its Independent and Restricted advice networks (Sense and Lyncombe respectively) to over 450 advisers with c£9bn of assets under advice.

In 2023, ASHL began acquiring financial advice firms under the LYNC Wealth Management umbrella. This initiative was designed to offer an exit route for adviser firms who wish to step back from ownership while remaining involved in the business, or for adviser retirement planning purposes.

To date, LYNC has bought seven nationwide firms that collectively manage £500m of assets under advice. It plans to acquire up to an additional seven firms in the coming months.

This sale to an affiliate of the 7IM group marks the next chapter for LYNC. To maintain continuity, LYNC will be established as an appointed representative of the Lyncombe network, which remains under ASHL Group ownership. LYNC will also continue to benefit from the current leadership team, ensuring stability for all clients and stakeholders.

For ASHL, this transaction will allow its focus to remain firmly on its core mission —supporting the advice firms within its networks.

For LYNC, the partnership will bring invaluable resources, including sector expertise, access to technology, and new investment opportunities.

Michael Couzens, CEO 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.”