Yellow Brick Road completes wealth divestment

Yellow Brick Road has sold the last part of its wealth business and is now operating as a specialist mortgage business. The company announced late in December that it had entered into a sale agreement with Sequoia Financial Group in…

YBR sells wealth business

Yellow Brick Road is continuing to rationalise its activities, with the sale of Brightday, a direct-to-consumer online wealth and superannuation business. The buyer is Pearl Funds Management. YBR said in a statement that the price was confidential, although it was…

YBR to focus on the mortgage market

Yellow Brick Road is getting out of the wealth business and will focus solely on the mortgage market. The company announced last week that it would start of process to “dispose of, outsource or otherwise restructure the head office wealth…