Sense and Lyncombe networks see revenue and profits jump

Profits at Sense network increased to £1.62m with revenue also rising

Jenna Brown
clock • 1 min read

Revenue at networks Sense and Lyncombe was up 66% to £71m while operating profits after tax increased by 224% to £2.4m, according to 2021 results.

Results from parent company Adviser Services Holdings said the business provides support for 400 advisers with more than £7bn of assets under influence. It bought Sense in 2020 for just over £9m. The results showed Sense revenue increased from £37.9m to £47.6m and profits increased from £894,000 to £1.62m. Lyncombe network revenue increased from £4.4m to £22.9m and profits increased from £180,000 to £811,000. Adviser Services Holdings' discretionary fund management (DFM) business, Rockhold Asset Management, now has more than £500m in assets under management. The company also said i...

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