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Showing 41 - 50 of 68 results for "Sequoia"

Madison sale slated for May completion

KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
... recovering its $31 million from Sargon and associated companies: it realised $4.4 million by selling Sargon's sale in Sequoia Financial Group; is currently in 100% ownership of Madison; is waiting to recover some amount from the sale of trustee and RE ...

Sargon Capital to be liquidated

KANIKA SOOD  |  THURSDAY, 9 APR 2020
... (which was owed $31 million by Sargon, and has recouped some of it by taking control of now-sold Sargon's share in Sequoia Financial Group, and Madison Financial Group), earlier this week indicated that its preference is to recover amounts owed to ...

YBR national advice lead moves to Interprac

ELIZABETH MCARTHUR  |  FRIDAY, 3 APR 2020
... Interprac. The sale means current YBR Wealth advisers will become licensed by Interprac (which holds an AFSL within the Sequoia Group). Rainmaker analysis of the ASIC Financial Adviser Register shows a few of YBR advisers have left the industry since ...

Sargon trustee businesses sale expected soon

KANIKA SOOD  |  THURSDAY, 26 MAR 2020
... China's Taiping Trustees. So far, OneVue has been able to recoup $4.36 million from selling Sargon's stake in ASX-listed Sequoia Financial Group. It also has 100% control of Madison Financial Group, and is in line with other creditors for the proceeds ...

Raiz cuts AET amid Sargon saga

ALLY SELBY  |  MONDAY, 2 MAR 2020
... Sargon Superannuation Holdings, Sargon Services Pty Ltd and Sargon CT Holdings Pty Ltd; while OneVue sold off shares in Sequoia, recouping $4.36 million after it took control of Sargon's 19% stake in the wealth advice firm. OneVue is also trying ...

Sargon clouds OneVue results

KANIKA SOOD  |  WEDNESDAY, 26 FEB 2020
... of genuine interest" in the sales process that is being looked after by Bob Neill of Seaview Consulting. The money from Sequoia shares is already in OneVue's bank accounts, she said. OneVue Holdings (OVH) reported a revenue of $24.3 million for the ...

OneVue recoups $4.36m from Sargon

KANIKA SOOD  |  THURSDAY, 20 FEB 2020
OneVue Holdings has sold Sequoia shares which it took control of earlier this month from a Sargon subsidiary. Now, it's scouting buyers for Madison Financial Group. The Sequoia shares fetched OneVue net proceeds of $4.36 million (or about 18 cents a ...

OneVue takes control of Sargon stake in Sequoia

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
OneVue Holdings has taken control of a Sargon subsidiary's 19% stake in ASX-listed wealth and advice firm Sequoia Financial Group, as its looks to recoup $31 million. The Sequoia stake is worth about $4.6 million at Tuesday's closing price of 20 cents. ...

Advisers still unclear on referral rules

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
... wealth to focus on mortgages, a referral agreement that was part of the sale sparked debate. As part of the agreement, Sequoia Group will act as the preferred referral partner for YBR's mortgage broking network. The cross-referral agreement means ...

YBR exits wealth, sells for $2.5 million

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... its wealth advice and life insurance distribution businesses has been sold to Interprac, a wholly owned subsidiary of Sequoia Group. The sale will mean current YBR Wealth advisers will become licenced advisers of Interprac (which holds an AFSL within ...