YBR gets $1.9m for wealth business

Yellow Brick Road (YBR) has confirmed its final exit from wealth management with the completion of its sale agreement with Sequoia Group.

YBR announced to the Australian Securities Exchange (ASX) today that it had received a completion payment from Sequoia of $120,931, confirming that the final price for the business was $1,906,345.

It said that the transition of YBR advisers to Sequoia had been completed.