Sale of Madison OneVue’s next priority
OneVue has sold down its holding in Sequoia Financial Group and has announced the sale of Madison Financial Group as its next sale priority.
The company announced to the Australian Securities Exchange (ASX) that the Sequoia stake had been sold for net proceeds of $4.36 million.
“The next priority is the sale of OneVue’s 100% secured interest in the Madison Financial Group,” it said.
The announcement quoted OneVue managing director, Connie Mckeage as stating that the company was working closely with the Madison leadership team to provide them with the necessary support to ensure that the advisers could continue servicing clients without disruption.
Recommended for you
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
Morningstar has made two business development appointments to drive the growth strategy of its financial advice software, AdviserLogic.
