Sequoia acquires client books through subsidiary : vimarsana

Sequoia acquires client books through subsidiary


Sequoia acquires client books through subsidiary
Listed advice group Sequoia has announced the acquisition of additional customer books via its InterPrac Securities subsidiary.
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The additions – from FF Planning Solutions in Hobart and SFG Financial Services in Melbourne – are expected to add over $500,000 of annual recurring fee-for-service income.
It is also hoped that the purchases will add $300,000 per annum of EBITDA per annum to the InterPrac business and will be completed in this current financial year.
In a statement released on Tuesday, Sequoia said the acquisitions “continues the company’s strategy of providing retired advisers equity in the group and their customers the opportunity to remain clients of the SEO group, where they can continue to receive advice and support under our branding”.

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