Sequoia acquires national paraplanning service
Sequoia has made its latest acquisition of a national paraplanning service as it seeks to expand its offering for advisers.
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Sequoia has made its latest acquisition of a national paraplanning service as it seeks to expand its offering for advisers.
2023 has been a year of mergers and acquisitions for licensees as firms take advantage of the improved landscape for financial advisers.
Sequoia has made a $2 million acquisition as it expands its product offering to deliver professional services to advisers.
The firm has announced a 55.6 per cent drop in EBITDA to $5.5 million, but remains determined in its strategic growth ambitions, with further acquisitions likely heading into FY24.
Libertas Financial Planning is in the process of liquidation, a decision made by parent company Sequoia Financial Group four years after it was acquired.