Yellow Brick Road (YBR) has received a second and final payment of $120,931 from the sale of its wealth division to Sequoia Financial Group.

The payment takes the final price of the sale to nearly $1.91 million, YBR said in a statement to ASX.

“We confirm the transition process for YBR Wealth advisers to move to Sequoia has now concluded.”

The business announced in December a deal to sell the wealth arm, including its life insurance distribution operations, to focus more on the mortgage market.

Under the terms of the deal, a significant majority of YBR wealth advisers will transfer by mutual agreement to Sequoia-owned InterPrac Financial Planning.