• Sequoia's subsidiary InterPrac Financial Planning under review
• Discussions with third party regarding possible InterPrac transaction
• Sequoia assessing long-term structure for InterPrac and its advisers

Sequoia Financial Group Ltd ('Sequoia' or 'the Company') has announced that it is conducting a strategic review of its retail licensee services, with a particular focus on its wholly owned subsidiary, InterPrac Financial Planning Pty Ltd ('InterPrac'). InterPrac has specialized in providing Australian Financial Services Licence (AFSL) services to retail financial advisers for approximately 20 years. The review follows earlier decisions by Macquarie Group and Netwealth Group Limited to review or reconsider their arrangements with certain AFSLs within the Sequoia group. In light of these developments, Sequoia's Board and management are assessing the most appropriate long-term structure for the InterPrac business and the advisers who currently operate under its licence. As part of this process, Sequoia is considering a range of strategic options for InterPrac, which may include continued operation under revised arrangements, the transition of authorised representatives to alternative licensing structures, or the potential sale of the InterPrac business or its shares. The Company confirms that it is currently engaged in advanced discussions with a third party regarding a possible transaction involving InterPrac, though these discussions remain incomplete and there can be no certainty that a transaction will be agreed or completed.During the review period, Sequoia will continue to work closely with authorised representatives to support continuity of service for their clients. Advisers may also be supported, where appropriate, in pursuing their own AFSL or transitioning to another licensee of their choosing, including through compliance and support services available within the Sequoia group.