SageView Advisory Group, a Newport Beach, California-based registered investment adviser and retirement plan adviser managing $133.7 billion, has acquired Michigan-based Bloomfield Hills Financial, an RIA firm managing $1.8 billion.
Bloomfield is led by Kevin VanDyke, who will join SageView as managing director.
In total, the acquisition brings SageView 50 employees in six locations, including two in Michigan, and one each in California, Colorado, Massachusetts, and Texas.
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The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
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