7IM’s acquisition of Rockhold Asset Management marks a significant step in expanding their investment offerings, pending regulatory approval.
- The move will see 7IM’s assets under management rise to £27bn, enhancing their market position.
- Rockhold, established in 2022 by ASHL Group, manages £2bn in assets and offers a comprehensive portfolio service.
- This acquisition allows 7IM to broaden its fund and managed portfolio services, exceeding £10bn in management.
- Rockhold will continue serving its existing advisory networks, maintaining its bespoke services.
In a strategic move to bolster its market presence, 7IM has announced the acquisition of Rockhold Asset Management, a transaction that is pending regulatory approval. The acquisition is poised to significantly enhance 7IM’s investment management offerings, increasing its total assets under management to a substantial £27 billion.
Rockhold Asset Management, which was launched by the ASHL Group in 2022, manages a robust £2 billion in assets. The company provides an array of services, including a managed portfolio service (MPS), multi-manager funds, and tailored discretionary management. These offerings are primarily directed towards the clients of advisory firms within the Sense and Lyncombe networks, which Rockhold will continue to support post-acquisition.
By integrating Rockhold’s capabilities, 7IM aims to expand its own managed portfolio services and fund offerings. This integration will now result in 7IM managing over £10 billion in these services, therefore strengthening their competitive edge in the investment management sector.
Despite the acquisition, Rockhold is set to maintain its operational autonomy in serving its existing clientele, ensuring continuity in service delivery to its established network of advisers.
Overall, the acquisition underscores 7IM’s strategic focus on expanding its investment offerings.
