TEAM well-placed for International Growth on the back of Wealth exodus (+VIDEO)

TEAM plc (LON:TEAM), the wealth, asset management and complementary financial services group, has announced its interim results for the six months to 31 March 2024.

Commenting on the results Mark Clubb, Executive Chairman of TEAM, said: “We have significant growth opportunities ahead. Britain has seen a material exodus of the wealthy following Brexit and tax reforms. According to a recent report* Britain will lose 9,500 millionaires this year, more than double the previous year and nearly seven times the number in 2022. Critically for TEAM, they are re-locating to cities where we are strong and can provide the financial advice and offshore services they require. This is therefore an important tail-wind as we expand our international platform servicing the financial needs of expatriates not just from Britain but from all nationalities. With AUM/A now close to 1 billion we are in a good position and will look to build on this during the reminder of the financial year and beyond.” *Henley & Partners’ “Private Wealth Migration Report 2024”

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

Bridging the gender wealth gap

Empowering women in finance is crucial to bridging the gender wealth gap. Discover how Concentric is leading the way in promoting financial education and equality.

Team plc

Investor alert the wealth effect and market corrections

Market corrections are an inevitable part of investing. Since 1950, there have been 52 instances where markets have dropped by 10% or more, a phenomenon known as ‘correction territory’. While volatility can be unsettling, history reassures

Team plc

Concentric Group accelerates its growth with specialised divisions

Concentric Group has taken a significant step forward by introducing three distinct divisions, each designed to offer targeted expertise and solutions. This strategic move enhances its ability to align clients’ financial goals with optimised outcomes, leveraging

Team plc

Gold’s remarkable rise defies odds

In 2024, gold saw a historic +25% return despite market challenges, driven by central bank purchases. Learn why gold remains a trusted asset in uncertain times.

Team plc

US election sparks market resurgence and investor optimism

Donald Trump’s historic return to the political stage in 2024 reignited market enthusiasm, setting the tone for a quarter marked by optimism and growth. Trump’s decisive victory not only delivered a Republican clean sweep but also