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Wealth management company Team reported a rise in asset management as client assets swelled.
For the year ended 30 September, assets under management increased to £295 million from 286 million at the of March, as client assets increased to £1.9 billion from £286 million.
AUM is expected to increase to £372 million following the acquisition of Omega, the company said.
'The acquisitions and senior hires we have made this year will be a significant step for TEAM towards becoming cashflow positive in 2023 and we have an excellent pipeline of opportunities to pursue, to underpin the future growth of the group.'