Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 12 results for "Morrison Securities"

Sequoia ends FY24 with 350 advisers

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... million in net profit after tax following a $2.6 million loss from the prior year, thanks to the sale of 80% of Morrison Securities. "The shift from commissions to fee for service has also ensured businesses like ours are far more sustainable and less ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... company with operating subsidiaries including wealth management software platform New Quantum and options broker Morrison Securities. The appointment of receivers follows the company being placed into voluntary administration last week. Beaconsfield ...

Morrison divestment lifts Sequoia profits

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2024
... financials. The group's NPAT for 1H24 was more than 4000% higher at $27.8 million, primarily due to offloading Morrison Securities. Despite the sale, revenues also increased, coming in 43.7% - or almost $20 million - higher at $62.8 million. Normalised ...

Morrison Securities pays infringement over DTRs

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
Morrison Securities (Morrison) has paid a penalty of $333,000 to comply with an infringement notice given by the Markets Disciplinary Panel (MDP). According to the MDP, Morrison contravened the ASIC Market Integrity Rules on six occasions between October ...

New Quantum reveals Nasdaq listing plans

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... proforma enterprise value of New Quantum at $1.1 billion, following its acquisition of a majority interest in Morrison Securities from Sequoia Financial Group in June. "New Quantum's technology and platform have the potential to revolutionise the financial ...

Morrison Securities stake to net Sequoia $40m

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
Sequoia Financial Group is offloading 80% of Morrison Securities to a digital wealth platform for $40.5 million. The listed wealth group is divesting 80% of its equity interest in the stockbroker to New Quantum Holdings, leaving Sequoia's balance sheet ...

Sequoia FG revises profit expectations

JAMIE WILLIAMSON  |  MONDAY, 23 JAN 2023
... on," Sequoia said. In the equity markets division, which comprises the specialist investments business and Morrison Securities, Sequoia said that while Morrison Securities continues to win market share and grow, "the unanticipated reduction in marketing ...

Sequoia to acquire wealth group

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... completion, the transaction will add about 5,500 equity accounts to SEQ's execution and clearing business Morrison Securities and about $1 billion in funds under advice. In revenue terms, it translates to an additional $4 million of gross revenue ...

Sequoia sells direct equities business

ALEX BURKE  |  FRIDAY, 22 JUN 2018
... acquisition of Melbourne-based financial planning and accounting services firm InterPrac and online trading platform Morrison Securities. In December 2017, Sequoia announced a number of strategic investments, including the purchase of My Own Super Fund's ...

Sequoia expands advice arm, boosts top line

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2018
... of Melbourne-based financial planning and accounting services firm InterPrac, and online trading platform Morrison Securities during the period. It also migrated its businesses into four core divisions. InterPrac, valued at $12.38 million, added immediate ...
PAGE:
1
PREVIOUS
NEXT