Sequoia Financial Group's Sale of Informed Investor Subsidiary to Powerhouse Ventures

Sequoia Financial Group Ltd (ASX:SEQ) has announced the sale of its Informed Investor subsidiary to Powerhouse Ventures (ASX:PVL) for 2.000,000 shares in PVL. As part of the partnership commitment, SEQ has agreed to voluntarily escrow the shares for 12 months. Additionally, SEQ and PVL will continue their collaboration through an ongoing agreement, with SEQ distributing Informed Investor's content and PVL becoming a client of Share Café and Finance News Network for video content production and distribution.

Executive Commentary on Sale of Informed Investor Subsidiary

The sale of Informed Investor subsidiary to Powerhouse Ventures marks a strategic move for Sequoia Financial Group. This partnership allows us to focus on our core business while ensuring the continued distribution of Informed Investor's content. We are committed to the partnership with Powerhouse Ventures and look forward to leveraging their scale and relationships to enhance the investment communication platform.

Summary of Sequoia Financial Group's Announcement

Sequoia Financial Group (ASX:SEQ) has finalized the sale of its Informed Investor subsidiary to Powerhouse Ventures, agreeing to escrow 2.000,000 PVL shares for 12 months. The ongoing agreement with PVL will enable SEQ to continue distributing Informed Investor's content, while PVL aims to rebrand the website content to create a professional investment communication platform. This strategic move aligns with SEQ's focus on core business areas and sets the stage for enhanced investment opportunities for its community of investors.