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Sequoia has reported an “abnormally high” NPAT increase of more than 4,000 per cent on the previous year, while reporting strong tailwinds for its licensee division and adviser growth.

Sequoia has reported an “abnormally high” NPAT increase of more than 4,000 per cent on the previous year, while reporting strong tailwinds for its licensee division and adviser growth.

A dispute with its PI insurance provider and difficulties integrating direct investments has led to a “disappointment and an aberration” of a business update according to Sequioa lead Garry Crole.