thewealthnet

New wealth manager reports a loss amid acquisition drive

News Team, 01/12/2021

Jersey-based wealth manager Team has reported a pre-tax loss of £1.7 million in the full year to 30 September.

Adjusted losses stood at £0.8 million – this does not include IPO and acquisition-related expenses.

Revenues were £1.5 million for the newly-launched wealth manager.

Total client assets increased to £1.9 billion from £286 million at 31 March 2021.

Assets under management (AUM) were also up from £286 million to £295 million. The firm e...


Continue reading this article...


Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@thewealthnet.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM