Sense Network buyer reveals ambitious 500 adviser target

The CEO said once the Sense deal was completed, the group would have around 300 advisers working for it - and it intends to grow that figure in the coming years. 

Couzens said: "With the completion of Sense acquisition, we will start off with about 300 advisers, and our objective is to grow that somewhere in the region of 500 advisers within the next five years."

The group plans to take on more advisers in a "sensible way" and is not in a rush to hire more advisers immediately, he added. 

"We don't think there are thousands of advisers who are going to fit with our model or we're going to fit with them, so we are aiming for quality rather than quantity," he continued. He said the group does not intend to "shoehorn" advisers into doing things or behaving in a way that they do not want to.

"We aren't aligned with either advisers being independent or restricted. We want to offer our services to advisers wherever they sit," he added. 

ASH is a group of companies that aims to provide complementary services to financial advisers. It acquired Knutsford-based adviser Sense Network for £9.35m on Monday (7 September).

Sense Network's current chair Phil Young will step down from his role, and Stephen Young will leave his role as non-executive director. Otherwise the team will remain the same and Sense's service will be unchanged.

 

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• Topics
• Companies
• Phil Young
• Michael Couzens
• Sense Network
• Adviser Service Holdings