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sequoia FINANCIAL GROUP Sequoia Financial Group Ltd ACN : 091 744 884 ASX : SEQ ASX AND MEDIA RELEASE Thursday , 18 February 2021 SEQUOIA FINANCIAL GROUP ANNOUNCES 1H21 RESULTS 1H21 Highlights • • • • • • Consolidated Revenue rose by 28 % to $ 52.4m Revenue growth in the core business units of Wealth and Equity markets was more than 40 % with softer performances in our Professional Services and Direct Investment business units growth rates Operating Profit ( EBITDA ) rose by 176 % to $ 4m NPAT increased to $ 1.7M ( up 548 % from 1H20 ) Operating Cash Flow ( excluding client funds ) improved 142 % to $ 3.4m Number of advisers operating under a Sequoia owned AFSL grew by 33 % to 405 Morrison Securities monthly contract note turnover increased by 300 % Morrison funds on chess sponsored holdings increased from below $ 0.4 billion to $ 2.9 billion in the last 12 months • Morrison revenue doubled to $ 11.1m • InterPrac Financial Planning saw a revenue increase of 39 % to $ 20.6m • Sequoia Wealth Management saw revenue increase of 231 % to $ 4.1m Cash at Bank ( excluding client funds ) remained steady at $ 13m Overview Sequoia Financial Group Limited ( ASX : SEQ ) ( Sequoia or the Company ) is pleased to release its results for the half year ending 31 December 2020 ( 1H21 ) . Throughout 1H21 we have continued strong growth in our key business units , resulting in very strong financial results in our Wealth and Equity Markets arms despite what has been a very challenging operating environment . Registered Office : Level 7 7 Macquarie Place Sydney NSW 2000 Phone : +61 2 8114 2222 Fax : +61 2 8114 2200 Email : admin@sequoia.com.au Website : www.sequoia.com.au This announcement was approved by the Board of Directors . For further information please contact : Garry Crole , Managing Director +61 411 600 550 garrycrole@sequoia.com.au Rebecca Weir , Company Secretary rebecca.weir@boardroomlimited.com.au ABOUT SEQUOIA FINANCIAL GROUP LIMITED Sequoia Financial Group ( ASX : SEQ ) is an integrated financial services company providing products and services to self - directed investors , AFSL holders and 3rd party professional firms . Its ' businesses include : InterPrac Financial Planning , Morrison Securities , Sequoia Direct , Finance News Network , Bourse Data , SMSF Engine , Libertas , Sequoia Specialist Investments , Sequoia Superannuation and Sequoia Wealth Management It provides : • Investment and superannuation products • Wealth management and advisory services • Corporate advisory and capital markets expertise • Retail , wholesale and institutional trading platforms • Market data and financial news services Sequoia operates various AFS Licenses and Its subsidiary Morrison Securities Pty Ltd