Jersey-based wealth manager TEAM plc - which recent acquired troubled wealth manager WH Ireland - has today reported revenue up 18% to £6.9m in the six months to the end of March, up from £5.8m in the same period last year.
Losses climbed slightly in the period, rising from £1.76m in 2025 to £1.84m this year.
The period included the £12.7m acquisition of troubled Financial Planner and wealth manager WH Ireland Group in March and the acquisition of Financial Planning business EPIC Fund Services Guernsey for £800,000 in the same month.
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.
The business said the acquisitions create an enlarged group with approximately £2.3bn of assets under advice and management, more than double the £1.1bn figure recorded in March 2025.
Its investment management AUM rose to £1.265bn, up from £387m six months ago. Advisory and consultancy AUA increased from £344m to £356m while international AUA was up from £558m to £624m.
The firm said the global consolidation of the wealth management industry was creating opportunities.
Mark Clubb, executive chairman of TEAM, said: "We believe 2026 marks the transition to sustainable cash generation, with increasing benefits from scale expected to support earnings and cashflow over the medium term.
“Importantly, much of the heavy lifting is complete. The foundations have been built. The focus now is on converting platform, infrastructure and talent into sustainable earnings, cash generation and long-term value creation for shareholders.”
The company has announced changes to the senior management team today with John Beverley, TEAM International CEO, joining the board as an executive director.
John Cusins, founder of Lumin Wealth Management, will join the board as an independent non-executive director, subject to regulatory approval.
Craig Farley has been appointed as group chief investment officer to oversee investment strategy across the wider group.
Mr Clubb said: “These appointments reflect TEAM's evolution into a more integrated international wealth and asset management group. We firmly believe opportunities exist across all jurisdictions and that the acquisition of WH Ireland represents a significant enhancement to an already established international platform.”