Sequoia launches family office

The SFO will target local and migrant ultra-HNW and HNW investors who are looking for specialist services and have investable funds of $5 million to $100 million.

The business will be led by Sophia Chen who has over 10 years’ experience in services and advice.

The news comes after Sequoia acquired the client books of Macro Investment Advisory with an aim to grow the funds under advice to $2 billon over the next five years.

Last month, Sequoia also acquired client books from FF Planning Solutions in Hobart and SFG Financial Services in Melbourne via its InterPrac Securities subsidiary.

The books are expected to add over $500,000 of annual recurring fee-for-service income.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

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Neil is also the host of the ifa show podcast.