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

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 promising with planned new fund launches, improved inflows and an acceleration in migration of client assets to TEAM’s Multi Asset Portfolio Strategies (MPS). Alongside, recruitment is strong with several new joiners starting early in 2025. Our front-line advisors numbers will grow.

Group AUA/M continues to grow and has now reached the £1 billion milestone, with AUA/M at 30 September 2024 of £1.1 billion, up from £834 million over the 12 months, with the majority of the growth from the International division. For the year to 30 September 2024, the Company expects to deliver revenues c. 25% ahead of market expectations, and marginally behind on EBITDA, with revenue for the year of £10.1 million (2023: £ 5.3 million) and an EBITDA loss of £1.7 million, in each case subject to audit. The Group’s focus remains on migrating assets to TEAM’s MPS portfolios to drive future Group profitability. Performance of these funds remains top-tier. TEAM continues to expand the number of advisers in its International Division, targeting ex-pat professional clients working in Asia, Africa and the Middle East.

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

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

Team plc

Optimism rises as US Federal Reserve signals policy shift

A recent statement by US Federal Reserve Chairman Jerome Powell has sparked a broad rally across risk assets. Powell’s comment, delivered at a central bankers’ symposium in Jackson Hole, Wyoming, highlighted a shift in the Fed’s