Adviser Services Holdings (ASH) has announced the sale of Lync Wealth Management to a 7IM group affiliate, marking a significant shift in ownership.
- Lync Wealth Management, a subsidiary under ASH, has acquired seven IFA firms with a total asset value of £500m.
- The sale retains Lync as an appointed representative within the Lyncombe network, which ASH continues to own.
- ASH’s private ownership and small investor backing underscore its strategic move to sell Lync.
- The leadership team at Lync will stay in place post-sale, ensuring continuity in operations.
Adviser Services Holdings (ASH) has confirmed its decision to sell its national advice business, Lync Wealth Management, to an affiliate of the 7IM group. This transaction signifies a strategic transition in the landscape of financial advisory affiliations. Established in 2023, Lync has played a pivotal role as ASH’s umbrella entity for acquiring independent financial advisory (IFA) firms, successfully integrating seven such businesses, amassing collective assets worth £500 million.
The sale arrangement facilitates Lync’s continued operation as an appointed representative within the Lyncombe network, a relationship that keeps it under the broader strategic influence of ASH. The Lyncombe network, another acquisition by ASH, remains within the company’s portfolio, thus retaining its influence in the advisory sector even after Lync’s divestiture.
ASH, a privately-held company managed by its founders and a group of small investors, has articulated that the decision to divest from Lync aligns with its broader corporate objectives. This strategic sale is anticipated to potentially streamline ASH’s operations and focus within the financial services sector. Importantly, the existing leadership team at Lync Wealth Management will remain in their roles, providing a semblance of operational stability and assurance to clients and stakeholders amidst this transition.
From a structural standpoint, the transaction does not alter the foundational principles of Lync’s operations, instead, it introduces a new overarching ownership by an affiliate with ties to the 7IM group. ASH’s retention of the Lyncombe network through this sale highlights a nuanced approach, balancing divestiture with sustained influence.
In summary, the sale of Lync Wealth Management to a 7IM affiliate is reflective of ASH’s forward-looking strategy, focusing on consolidating its resources while enabling Lync to potentially thrive under new ownership.
This sale marks a transformative milestone for ASH’s strategic positioning in the financial services arena.
