1st November 2024
Seven Investment Management (7IM) has announced plans to acquire Rockhold Asset Management from ASHL Group to enhance its investment offerings. This acquisition will add approximately £2bn in assets, increasing 7IM’s total assets under management to around £27bn and expanding its presence in the UK wealth management landscape. The acquisition is subject to approval from the Financial Conduct Authority. Rockhold will continue operating under its brand while integrating 7IM’s advanced investment management capabilities and infrastructure.
Since its launch in 2022, Rockhold Asset Management has served advisory firms within the Sense and Lyncombe networks, offering a range of managed portfolio services, multi-manager funds, and tailored discretionary management solutions. This strategic acquisition aligns with 7IM’s growth ambitions by enhancing its Funds and Managed Portfolio Service (MPS) offerings, which will now manage over £10bn in assets.
Dean Proctor, CEO of 7IM, emphasised that the acquisition supports the company’s mission to provide high-quality investment solutions: “This acquisition reinforces our position as a trusted partner for investors and advisory firms, strengthening our commitment to delivering diversified and innovative investment options across the UK.”
The addition of Rockhold reflects the ongoing trend of strategic acquisitions within the wealth management sector as firms seek to diversify and scale their operations.
At Chapters Capital, we specialise in financial planning and wealth management M&A. We offer unparalleled expertise to ensure that each transaction aligns seamlessly with your unique goals. Whether you are considering a strategic sale or exploring growth through acquisitions, contact our experienced associates today for a confidential, no-obligation consultation.