Team plc acquires Jersey based financial planning business

Team plc, the wealth, asset management and complementary financial services group, has acquired Homebuyer Financial Services Limited (HBFS), a Jersey based financial planning business.

Team acquired the entire issued share capital of HBFS for the total consideration of £2.4 million in cash.

Founded in 1988, HBFS is an established Jersey based financial planning business selling investments, pensions and protection policies to retail clients.

Working out of offices in St Helier, HBFS has assets under advice of approximately £135 million with over 1,000 clients serviced by 10 full time employees. HBFS specialises in offering savings and retirement planning, insurance cover and mortgage and loan services to its Jersey client base. The acquisition is subject to regulatory approval from the Jersey Financial Services Commission.

TEAM plc (LON:TEAM) is building a new wealth, asset management and complementary financial services group. With a focus on the UK, Crown Dependencies and International Finance Centres, the strategy is to build local businesses of scale around TEAM’s core skill of providing investment management services.

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TEAM plc

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