Sequoia Financial Group will streamline its divisional structure from four to two reporting divisions, as well as reduce headcount by 10 per cent.
In an update to the ASX, the licensee announced these changes would commence from the start of the new financial year.
The new reporting divisions will be licensee and adviser services, and legal and administration services.
Sequia business structure
| Licensee and adviser services | Legal and administration services |
| Interprac Financial Planning | Castle Corporate, Constitute, NTAA Corporate and Panthercorp |
| Sequoia Financial Advice (formerly Interprac Securities) | Docscentre Legal |
| Sequoia Family Office | Sequoia Superannuation |
| Sequoia Corporate Finance | |
| Sequoia Wealth Management | |
| Sequoia Asset Management | |
| Sequoia Specialist Investments | |
| Media/IR Finance TV, Informed Investor, Sharecare and Corporate Connect Research |
Euree Asset Management, Morrison Securities and others will be reporting within head office.