The coronavirus-sparked liquidity threat to the superannuation system shows some players are just too big, says the chief executive of ASX-listed Sequoia Group as he takes control of Yellow Brick Road's retail fund and financial adviser workforce.
Yellow Brick Road executive chairman Mark Bouris revealed on Wednesday the troubled financial services company had completed the first leg of the sale of its wealth management division to Sequoia.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
