SYDNEY, AUSTRALIA: ARC Funds Ltd has appointed Scott Beeton, as Chief Executive Officer of ARC with effect from 12 March 2024. Scott is a successful entrepreneur who has founded several successful start-up and growth businesses predominantly in the financial services sector, including founding Sequoia Financial Group (ASX:SEQ) and taking the business through to a public…
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Sequoia Financial Group has acquired Clique Paraplanning
SYDNEY, AUSTRALIA: Sequoia Financial Group Ltd (ASX: SEQ) has acquired the business assets of Clique Paraplanning in cash on an earn out of revenue multiple of approximately 1 times.The purchase consideration consists of a combination of cash $150,000 and shares valued at $60,000. The earn out and final payment (up to $70,000) is payable in…
Sequoia Financial acquires Informed Investor, Sharecafe and Corporate Connect
SYDNEY, AUSTRALIA: Sequoia Financial Group Limited (ASX: SEQ) announced the successful acquisition of three inter-related businesses, Informed Investor Pty Ltd, Sharecafe Pty Ltd and Corporate Connect Research Pty Ltd. The total consideration will be approximately $5.1m with an initial payment of $3m made up of $1.1m cash and 2,720,723 Sequoia shares at $0.70 per share,…