Jersey-based wealth manager Team plc has acquired Guernsey-based Financial Planning business EPIC Funds Services Guernsey for £800,000.
It has also exchanged contracts to acquire eight institutional quality investment mandates from EPIC Markets (UK), the £157m AUM UK based investment management business, for £1m.
EPIC Guernsey is a fund administration and fiduciary services business wholly-owned by EPIC Administration Limited. For the 11 months to 28 February, EPIC Guernsey’s unaudited management accounts reported turnover of £1.3m, EBITDA of £0.1m and net assets as at 28 February 2026 of £0.81m.
Team said acquiring a Guernsey-based business fits geographically and allows it to move from advisory into execution, “improving revenue durability and client delivery.” The total consideration of £880,000 is payable in new Team shares.
The eight institutional quality investment mandates being acquired from EPIC Markets (UK), represent approximately AUM of £157m, comprising:
• Multi-Asset / Model Portfolio Services: c £33m AUM
• Multi-Asset Funds (including VT strategies): c £29m AUM
• Credit / Fixed Income / Specialist Mandates: c £68m AUM
• Equity strategies and other mandates: c £27m AUM
The £1m payment will be made in new TEAM shares.
Mark Clubb, chairman of Team, said; “The EPIC Book and EPIC Guernsey are very different businesses, but both are highly suited to joining the Team group. The assets are already aligned with our multi-asset approach and will integrate directly into our platform.
“These two acquisitions are part of the overall expansion of the group and follow on from our successful acquisition of WH Ireland which completed last week.”