Photo Gallery: 2016 Dealer Group Summit, Blue Mountains

Regulator ‘closely scrutinising’ Sequoia’s second crack at selling InterPrac 

Regulator ‘closely scrutinising’ Sequoia’s second crack at selling InterPrac 

In a second attempt to offload its beleaguered financial advice licensee InterPrac, listed wealth management group Sequoia Financial Group has sold the business to Bellbird Australia. A deed of cross-guarantee with other entities in the Sequoia group has been revoked, raising the concerns of investors seeking compensation for losses in the failed Shield and First Guardian master funds.

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