Here’s why the Sequoia (ASX:SEQ) share price surged 5% today

The Sequoia Financial Group Ltd (ASX: SEQ) share price has jumped almost 5% in today’s trading following the financial services company’s annual general meeting (AGM). Sequoia shares are currently trading at 44 cents, up 4.76%.

What did Sequoia report today?

Sequoia  is a financial services company offering financial planning, stock broking, and accounting to both retail and wholesale clients. The company reported that it more than tripled its earnings in FY20.

It says that despite enormous changes in the industry post-Hayne Report (which resulted in large institutions abandoning the financial planning industry altogether), it remains bullish and has plans to add 600 advisers to its roster. 

Sequoia also reported that it…