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Sequoia Financial Group Ltd. ( (AU:SEQ) ) has provided an announcement.
Sequoia Financial Group has disclosed that platform provider HUB24 will stop accepting new business from advisers operating under its InterPrac Financial Planning licence from 31 March 2026. Existing client accounts, established business and current adviser remuneration on the HUB24 platform will remain unaffected by the decision.
The company is working with stakeholders to manage the transition and help affected advisers place new business with alternative platforms where appropriate. Sequoia also reiterated that discussions about the future of the InterPrac business are ongoing and constructive, and it plans to provide a further market update on InterPrac while maintaining its continuous disclosure obligations.
The most recent analyst rating on (AU:SEQ) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on Sequoia Financial Group Ltd. stock, see the AU:SEQ Stock Forecast page.
More about Sequoia Financial Group Ltd.
Sequoia Financial Group Ltd is a diversified financial services company that operates advisory, platform and related wealth management businesses. Through its Australian Financial Services Licence, including the InterPrac Financial Planning network, it supports financial advisers serving retail and wholesale clients across the Australian market.
Average Trading Volume: 173,215
Technical Sentiment Signal: Sell
Current Market Cap: A$28.81M
For detailed information about SEQ stock, go to TipRanks’ Stock Analysis page.