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Sequoia Financial Group Ltd (ASX:SEQ)

ALERT: Price-sensitive ASX Announcement for SEQ
Current share price for SEQ : $0.110 -0.13 (-54.17%)+
Announcement
Release
19 Mar 2026 7:50PM
Price at Release
$0.240
Full Release
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Summary
Sequoia Financial Group Ltd announced that HUB24 will no longer accept new business from advisers operating under Sequoia’s AFSL, InterPrac Financial Planning, effective 31 March 2026. This decision impacts only new business, as existing client accounts and remuneration arrangements remain unchanged. Sequoia is engaging stakeholders to facilitate a smooth transition for affected advisers to other platforms. The company continues discussions about InterPrac's future and expects to provide further updates by 20 March 2026.
Key Points
  • Sequoia Financial Group Ltd has been informed by HUB24 of a decision to stop accepting new business from advisers under Sequoia's AFSL, InterPrac Financial Planning, effective 31 March 2026.
  • The cessation of new business by HUB24 affects only new accounts, while existing accounts will continue with no changes to current arrangements or advisor remunerations.
  • Sequoia is actively working with stakeholders to help affected advisors transition to alternative platform providers.
  • Discussions about the future of InterPrac Financial Planning are ongoing and constructive.
  • Sequoia plans to update the market on InterPrac's status by 20 March 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.