TEAM plc acquires third Jersey-based financial planning business HBFS

TEAM plc (LON:TEAM), the wealth, asset management and complementary financial services group, has announced that it has exchanged contracts to acquire the entire issued share capital of Homebuyer Financial Services Limited (“HBFS”), a Jersey based financial planning business, for total consideration of £2.4 million in cash.

Executive Chairman Mark Clubb joins DirectorsTalk Interviews to discuss the acquisition of HBFS. Mark talks us through the strategic rationale behind the acquisition, now having bought 3 Financial Planners in Jersey in the last 18 months the objectives for this part of the business, the immediate plans for HBFS and expectations for 2024.

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TEAM plc

Understanding tax reform and its impact

21st November 2024

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 reports strong growth with £1 billion AUA/M milestone hit

18th November 2024

TEAM plc (LON: TEAM), a Jersey-based financial services company, has reportedsolid growth in AUM and results broadly in line with market expectations for the 12 months to 30 September 2024. The outlook for the current financial year is

Securing the future of a growing tech business

15th November 2024

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 – Salus Alpha Financial Services AG takes 8.9% stake

8th November 2024

TEAM plc, a financial services company based in Jersey, has announced a notable change in its shareholder structure with the addition of Salus Alpha Financial Services AG (SAFSAG), an investment firm from Liechtenstein. SAFSAG has acquired

UK tax changes threaten wealth migration

5th November 2024

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

Investor optimism as US corporate results drive market surge

1st November 2024

Investor interest is intensifying around the third quarter of the US corporate results season, with nearly 80% of reports exceeding analyst predictions. This early positive trend has spurred the US market to hit another record high,

Tax reform threats for UK non-doms and business owners

30th October 2024

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

Bull stampede in the 2024 financial markets

25th October 2024

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

US corporate results lift market as investors watch for further economic data

24th October 2024

Investors are closely following the third-quarter US corporate results, with almost 80% of reports so far exceeding analyst expectations. This strong performance has driven the US market to hit another record high, marking its sixth consecutive

The UK’s growing loss of millionaires and its uncertain financial future

22nd October 2024

Henley & Partners have released their Private Wealth Migration Report for 2024, revealing that the UK is expected to experience a net loss of 9,500 millionaires this year. This figure is more than double the 4,200

TEAM Plc’s strategic positioning for a strong 2024 finish

18th October 2024

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

Investor sentiment shifts as strong jobs report boosts US markets

15th October 2024

Investors faced a tense week, concerned about the intensifying conflicts in the Middle East. Despite the uncertainty, a positive turn came on Friday with a strong jobs report, which reignited investor confidence and led to a

Rising funeral costs and how to plan for the future

9th October 2024

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,

Maximising retirement opportunities for expatriates in Dubai

4th October 2024

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

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

26th September 2024

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

TEAM plc announces continued outperformance and expansion of MPS solutions

18th September 2024

TEAM plc, a Jersey-based wealth, asset management, and financial services group, is pleased to announce the continued strong performance of its Managed Portfolio Services (MPS). These services, managed by Chief Investment Officer Craig Farley, have consistently

Weakened labour market and China’s economic woes drive market fears

11th September 2024

September began with markets showing a familiar pattern of concern, similar to what occurred in August. Investors were troubled by the struggling US labour market and the high valuations of certain technology stocks. Both the S&P

Economic shifts, corporate milestones, and nostalgia in a post-bank holiday week

6th September 2024

In the short week following the late summer bank holiday, it felt like a throwback to the 1990s, with the Labour Party’s tax plans and Britpop band Oasis in the headlines. The Government is considering a

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