Jersey-based wealth manager and financial services group TEAM plc has acquired its third Financial Planning business, it announced today.

Former Personal Finance Society President Sharon Sutton has sold the Isle of Man Financial Planning firm she founded in 2000 to Jersey-based expanding firm TEAM Plc for up to £2.5m.

Investment provider TEAM has acquired Financial Planning firm Concentric Group and IFA Omega Financial Services, both based in Jersey.

Plans for a new executive pay scheme at Financial Planning firm and takeover target Tavistock have fallen through after shareholders failed to support the move.