Advisors, associates and accounts have successfully transitioned to SageView
NEWPORT BEACH, Calif., April 21, 2022 /PRNewswire/ — SageView Advisory Group (“SageView”), one of the nation’s leading independent AIR companies, today announced that it has completed the acquisition of Capital One’s $900 million wealth management with advisors, associates and accounts that have successfully transitioned to SageView.
Capital One Investing, a direct subsidiary of Capital One Financial Corporation, was an SEC-registered investment adviser that provided portfolio management and financial planning services to its clients. Advisors and customer support teams have become employees of SageView as part of this transaction and will continue to work remotely from their homes at Florida, Maryland, New York, Oklahoma, Tennessee, Texas and Virginia.
Randy LongFounder and CEO of SageView, said, “We are thrilled to complete this transaction and to welcome so many talented professionals from across the country to the SageView family. With our incredible team and the support of our private equity partners at Aquiline, we will continue to execute our growth strategy that builds on our historic focus on financial wellness and retirement plan support as we are enhancing our capabilities and expertise as the wealth management solutions provider of choice. »
SageView has entered into a definitive agreement with Capital One in December 2021. Bryan Cave Leighton Paisner LLP acted as legal counsel to SageView in connection with the transaction. Centerview Partners served as financial advisor to Capital One and Wachtell, Lipton, Rosen & Katz served as legal advisor to Capital One on the transaction.
About the SageView Advisory Group
SageView Advisory Group is an SEC-registered investment advisory firm (RIA) serving retirement plan sponsors and individuals across United States since 1989. SageView has provided advice on 401(k), 403(b), 457, defined benefit and deferred compensation plans, and provides comprehensive wealth management services to individuals and families. SageView is headquartered in Newport Beach, Californiaand has more than 30 offices nationwide.
SageView Advisory Group, LLC is a registered investment adviser. Advisory Services are offered only to clients or prospective clients for whom SageView Advisory Group, LLC and its representatives are duly licensed or exempt from licensing. Past performance is not indicative of future results. No advice can be provided by SageView Advisory Group, LLC unless a customer service agreement is in place.
For more information on SageView, visit www.sageviewadvisory.com or call (800) 814-8742.
Contact: Donald Cutler or Elizabeth Shim
Haven Tower Group
424 317 4864 or 424 317 4861
[email protected] or [email protected]
SOURCE SageView Advisory Group