Sale of Madison OneVue’s next priority
OneVue has sold down its holding in Sequoia Financial Group and has announced the sale of Madison Financial Group as its next sale priority.
The company announced to the Australian Securities Exchange (ASX) that the Sequoia stake had been sold for net proceeds of $4.36 million.
“The next priority is the sale of OneVue’s 100% secured interest in the Madison Financial Group,” it said.
The announcement quoted OneVue managing director, Connie Mckeage as stating that the company was working closely with the Madison leadership team to provide them with the necessary support to ensure that the advisers could continue servicing clients without disruption.
Recommended for you
ASIC has released the results of the latest financial adviser exam, held in November 2025.
Winners have been announced for this year's ifa Excellence Awards, hosted by Money Management's sister brand ifa.
Adviser exits have reported their biggest loss since June this week, according to Padua Wealth Data, kicking off what is set to be a difficult December for the industry.
Financial advisers often find themselves taking on the dual role of adviser and business owner but a managing director has suggested this leads only to subpar outcomes.
