Update on InterPrac Financial Planning

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Stock Sequoia Financial Group Ltd (SEQ.ASX)
Release Time 19 Mar 2026, 7:50 p.m.
Price Sensitive Yes
 Sequoia announces changes to InterPrac Financial Planning
Key Points
  • Platform provider HUB24 to cease accepting new business from InterPrac advisers
  • No impact on existing client accounts or adviser remuneration
  • Sequoia engaging with stakeholders to manage transition and support affected advisers
Full Summary

Sequoia Financial Group Ltd ('Sequoia' or 'the Company') has been notified that platform provider HUB24 has informed its compliance team of a decision to cease accepting new business from advisers operating under Sequoia's AFSL, InterPrac Financial Planning, effective 31 March 2026. This decision will apply to new business only and will not impact existing client accounts, existing business, or current adviser remuneration arrangements on the HUB24 platform. Sequoia is engaging with relevant stakeholders to manage the transition and to support affected advisers in placing new business with alternative platform providers where appropriate. As previously disclosed, the Company continues to progress discussions regarding the future of the InterPrac Financial Planning business. These discussions remain ongoing and constructive. Sequoia expects to provide a further update to the market regarding InterPrac by Friday, 20 March 2026 at 1:00pm (AEDT). The Company will continue to keep the market informed in accordance with its continuous disclosure obligations.