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Listed dealer group acquires three advice businesses
Listed dealer group acquires three advice businesses
The listed advice group has purchased a number of retiring advisers client books in a $1 million transaction.
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In a statement, Sequoia Financial Group said its advice licensee InterPrac had purchased First Option Financial Management, Marshall & Company and Barry Moser Nominees.
The group said the purchases were expected to add approximately $450,000 of annual recurring fee for service income and $300,000 of annual EBITDA, with a mix of client demographics included in the businesses.
Sequoia said the total consideration of the three purchases was approximately $1 million, made up of $380,000 in cash and 625,000 Sequoia shares at 45 cents per share, with a final payment of up to $300,000 if the recurring revenue in the client books increased over the first 12 months. ....

John Blangiardo , Marshall Company , Sequoia Financial Group , First Option Financial Management , Barry Moser , Interprac Financial Planning , First Option , மார்ஷல் நிறுவனம் , சீக்வோயா நிதி குழு , முதல் விருப்பம் நிதி மேலாண்மை , பாரி மோசர் , முதல் விருப்பம் ,