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
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
