Core Viewpoint - Team, a Jersey-based wealth and asset management group, is acquiring eight investment mandates from Epic Markets and Epic Funds Services Guernsey for a total of £1.88 million ($2.48 million), which includes assets under management of approximately £157 million [1][2]. Group 1: Acquisition Details - The acquisition consists of two parts: the Epic Book, which includes eight investment mandates, and Epic Guernsey, a financial planning business based in Guernsey [1][3]. - The Epic Book encompasses multi-asset and model portfolio services, multi-asset funds, credit, fixed income, specialist mandates, and equity strategies [2]. - The consideration for the Epic Book is £1 million, payable in new Team shares based on the company's 60-day VWAP [2]. Group 2: Financial Performance and Conditions - Epic Guernsey's unaudited management accounts for the 11-month period ending February 28, 2026, show a turnover of approximately £1.3 million, EBITDA of £0.1 million, and net assets of £0.81 million [4]. - Team will pay £880,000 for Epic Guernsey, also in new shares, subject to regulatory approval from the Guernsey Financial Services Commission [4]. Group 3: Strategic Implications - The acquisition of Epic Guernsey is expected to add an established fiduciary license and operating platform, create a new recurring revenue stream, and enhance governance and corporate services across the group [5]. - Team's chairman highlighted that both the EPIC Book and EPIC Guernsey are well-suited for integration into the Team group, with the EPIC Book providing high-quality assets aligned with Team's multi-asset approach [5][6]. - The acquisition is viewed as excellent value for shareholders, with expectations of building on the current recurring revenue base and enhancing client origination and retention opportunities [6].

Core Viewpoint - Northern Trust is expanding its relationship with Avanda by providing fund administration and other services, building on a partnership that began in 2015 [1] Group 1 - Northern Trust will offer fund administration services to Avanda, indicating a strengthening of their existing partnership [1] - The collaboration between Northern Trust and Avanda has been ongoing since 2015, highlighting a long-term relationship in the asset management sector [1]