TEAM plc completes acquisition of Concentric

TEAM plc (LON:TEAM), the wealth, asset management and complementary financial services group, has announced the completion of the acquisition of the entire issued share capital of Concentric Group Limited as at 8 August 2022, following the transaction being approved by the Jersey Financial Services Commission. The acquisition was first announced in May 2022.

Concentric is a Jersey based financial planning and investment consultancy business, delivering market-leading investment performance and analysis for high-net worth individuals and institutional investors both in Jersey, and internationally.

Matthew Moore COO and CFO of TEAM plc, commented:

“We are very pleased to have completed the acquisition of Concentric which has already shown to be an excellent fit with the wider Group. It also completes a good period for TEAM as we completed our acquisition of Omega last week too. So we can now move forward with two strong Jersey based consultancies both of which significantly enhance the range and quality of services we offer our valued clients.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Team plc

More articles like this

Team plc

TEAM reports strong year-end trading results exceeding expectations

TEAM has released a year-end trading update, revealing revenues and assets under management/advice (AUM/A) that exceed earlier forecasts, while underlying EBITDA is slightly below projections. The company described its performance as broadly in line with market

Team plc

Understanding tax reform and its impact

A senior international tax accountant has observed that staying in the UK may not be favourable for those with significant wealth, especially with current discussions about changes to tax laws. Mark Clubb, chairman of TEAM, emphasises

Team plc

Securing the future of a growing tech business

A growing tech start-up faced the challenge of protecting its operations from potential disruption if its 45-year-old Managing Director, Henry, were to become unable to work. As the founder and driving force behind the business, Henry’s

Team plc

UK tax changes threaten wealth migration

In recent discussions on tax reforms, the proposed removal of the non-domiciled (non-dom) status in the UK is generating considerable concern. Experts, including Mark Clubb of TEAM, caution that eliminating this status could create severe financial

Team plc

Tax reform threats for UK non-doms and business owners

The potential abolition of non-dom status has raised significant concerns among financial advisors and high-net-worth individuals residing in the UK. According to Mark Clubb, chairman of TEAM, a senior tax accountant has expressed apprehension, stating that

Team plc

Bull stampede in the 2024 financial markets

This week saw US stock indices continue their upward surge, with the Dow Jones Industrial, S&P 500, and Nasdaq each showing gains above 1%. The S&P 500 index, regarded as a key indicator, is experiencing its

Team plc

TEAM Plc’s strategic positioning for a strong 2024 finish

TEAM’s investment strategy focuses on aligning with medium to long-term trends and maintaining diversification through market cycles. Throughout the post-pandemic period, US equities, particularly mega-cap growth and technology stocks, have outperformed, and TEAM’s exposure has followed

Team plc

Rising funeral costs and how to plan for the future

In 2023, the total cost of dying in the UK saw a significant increase, rising by 5% to a staggering £9,658, the highest figure recorded. This surge has been largely attributed to the rising professional fees,

Team plc

Maximising retirement opportunities for expatriates in Dubai

NEBA Private Clients successfully assisted a British expatriate, Mr. S, in navigating his retirement planning when he relocated to Dubai. Before the move, Mr. S had established a well-respected career, participating in effective pension schemes at

Team plc

The allure of golden visas: A path to residency or citizenship

Golden visas present a unique opportunity for individuals to obtain residency or citizenship in a foreign country through financial investment. This option allows people to establish their lives abroad, whether for work, retirement, or simply a