Sequoia Direct brokerage, CHESS sponsorship and licence
- Website
- sequoiadirect.com.au/
- Product
- Sequoia Direct Online
- Legal entity
- Sequoia Wealth Management Pty Ltd The site footer says Sequoia Direct is a registered trading name of Sequoia Wealth Management Pty Ltd (AFSL 472387; FSG gives ACN 002 314 310). The older client application form (v6, 31/05/2021) instead names Sequoia Direct Pty Ltd ABN 52 614 536 917, CAR No. 001247917 of Sequoia Asset Management Pty Ltd (AFSL 341506), and the disclaimer page says "Sequoia Direct ABN 17 090 611 680". Part of Sequoia Financial Group Ltd.
- ASX shares
- No restriction stated
- Your shares
- CHESS-sponsored
- Executes ASX orders
- Morrison Securities Pty Limited
- Clears and settles
- Morrison Securities Pty Limited
- International shares
- Not stated
- Account fee
- None
- Documents
- Rates & Fees · Sequoia Wealth Management Financial Services Guide (Version 17, 17 February 2025) · Client Application Form · Documents and Downloads
- Record re-read by hand
- 15 October 2026
The application form offers CHESS sponsorship by Morrison Securities (new Sponsored HIN or transfer of an existing HIN), or settlement via a third-party settlement participant. Trades settle against a cash management account (e.g. Macquarie CMA).
Brokerage
| Trade value | Brokerage |
|---|---|
| Any trade | 0.08% (min $12.00) |
$12.00 or 0.08% of trade value, whichever is greater, plus GST. Prices are quoted before GST; the figures below add 10%.
- Rates are worded "Starting form $12.00 or 0.08%", so lower negotiated rates may exist.
- EQUIX Live Data $50.00 per month; EQUIX Click2Refresh free.
- A linked cash management account is required to settle trades.
Brokerage at common trade sizes
| Trade | Brokerage | Of trade |
|---|---|---|
| $500 | $13.20 | 2.64% |
| $1,000 | $13.20 | 1.32% |
| $2,000 | $13.20 | 0.66% |
| $5,000 | $13.20 | 0.26% |
| $10,000 | $13.20 | 0.13% |
| $25,000 | $22.00 | 0.09% |
| $50,000 | $44.00 | 0.09% |
| $100,000 | $88.00 | 0.09% |
What the broker says
Brokerage
“ASX rates – Starting form $12.00 or 0.08%, whichever is greater (plus GST)”
Source: sequoiadirect.com.au/rates-and-fees/ · Confirmed on the broker's page on 13 November 2026.
Holding
“Would you like Morrison Securities to establish a new Sponsored HIN?”
Source: sequoiadirect.com.au/wp-content/uploads/2021/10/Sequoia-Direct_Morrisons-Client-Application-Form-Equity-and-ETO_v6_31052021writable-copy.pdf · Confirmed on the broker's page on 13 November 2026.
Execution
“All transactions are executed and cleared by Morrison Securities Pty Limited (Morrison Securities) ABN 50 001 430 342 AFSL No 241737”
Source: sequoiadirect.com.au/wp-content/uploads/2021/10/Sequoia-Direct_Morrisons-Client-Application-Form-Equity-and-ETO_v6_31052021writable-copy.pdf · Confirmed on the broker's page on 13 November 2026.
Licence
- AFS licence
- 472387 · SEQUOIA WEALTH MANAGEMENT PTY LTD
- ABN
- 22002314310
- Licensed since
- 14 February 2017
- Principal business
- Sydney NSW 2000
- Authorised to
- Buy and sell securities for clients (retail clients)
- Advise on securities (retail clients)
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
Sources
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