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Showing 51 - 60 of 82 results for "Sequoia"

OneVue scores admin mandate

KANIKA SOOD  |  MONDAY, 29 JUN 2020
... to fight over the proceeds and who pays the receivers an estimated $1.3 million. The two parties are also fighting over Sequoia shares proceeds, and trustee/RE operating businesses' proceeds, where the Federal Court on June 17 extended the deadline for ...

Major OneVue shareholder says IRESS bid too low

KANIKA SOOD  |  FRIDAY, 12 JUN 2020
... under a cloud as Sargon's Chinese lender Taiping Trustees made fresh claims to proceeds of sales from Madison and Sequoia shares. OVH's recoveries from sale of other Sargon operating businesses like Diversa and CCSL are also under certainty as ...

Sequoia to acquire wealth group

KANIKA SOOD  |  MONDAY, 1 JUN 2020
Sequoia Financial Group has entered an agreement to acquire a wealth group, adding about 23 advisers and $1 billion in funds under management. Sequoia Wealth Management will acquire the customer base of Phillip Capital Limited's existing advisers ...

IRESS advances surprise bid for OneVue

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... Separately, Sargon Capital's Chinese lender has asserted fresh claims over proceeds from the sale of Madison Financial Group and Sequoia shares, which have so far been under OneVue's control. OneVue is looking to recoup about $31 million owed to it by ...

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 ...