7IM takes AUM to £27bn with acquisition of ASHL’s Rockhold Asset Management

It said the strategic acquisition is set to complement 7IM’s existing investment management capabilities, further positioning the firm in delivering “innovative and diversified” investment solutions to its clients across the UK.

Established in 2002, 7IM is a client-centric, technology-driven wealth and investment manager.

Rockhold Asset Management was launched in 2022 by the ASHL Group, looking after c£2bn of assets today. It offers a managed portfolio service (MPS), multi-manager funds and a full bespoke discretionary management service to the clients of the advisory firms operating within the Sense and Lyncombe networks, which it will continue to serve.

With a complementary range of services and solutions, the acquisition will enable 7IM to broaden its Funds and MPS offering, which is a core component of its growth strategy, and which will now have over £10bn under management.

Rockhold will continue operating under its current brand and leadership, whilst benefiting from 7IM’s significant investment management capabilities and infrastructure. Rockhold will remain as the primary model portfolio proposition for ASHL’s restricted advisers and also available to Independent Advisers in the Sense and Lyncombe networks as a suitable fit within their advice processes and risk assessment framework.

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