Sense and Lyncombe networks see revenue and profits jump

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...