SageView Advisory Group, a Newport Beach, California-based registered investment advisory firm, has expanded its growing national footprint with the acquisition of Retirement Benefits Group San Diego.
RBG San Diego is an institutional retirement plan consulting group with $5.2 billion in assets under advisement and a wealth management business with $63 million in assets under management.
It was founded in 2010 by partners Tony Franchimone and Larry Deatherage and provides retirement plan consulting solutions, executive benefits and retirement management services to U.S. companies.
“We have known Tony and Larry for many years and have great respect for the success they have achieved in working with institutional retirement plans and providing wealth management services," Randy Long, SageView's CEO, said in a statement. "Their team is a great cultural fit for SageView and contributes to our overall and institutional channel growth strategy."
With this latest deal, SageView has announced nine acquisitions in the past two years, since establishing a partnership with Aquiline Capital Partners, a financial services and technology-focused private equity firm.
Terms of the transaction were not disclosed.
The RBG team has been on the Barron’s list of Top 50 Institutional Consulting Teams five times since 2015 including its recent list.
The SageView acquisition was brokered by M&A advisory firm Wise Rhino Group on behalf of its client RBG.
“Larry and Tony have had one of the most successful institutional retirement consulting practices in the industry,” said Peter Campagna of Wise Rhino Group. “For more than 20 years they have been on the forefront of fiduciary and investment trends working in the mid and large plan market.”
After a two-year period of inversion, the muni yield curve is back in a more natural position – and poised to create opportunities for long-term investors.
Meanwhile, an experienced Connecticut advisor has cut ties with Edelman Financial Engines, and Raymond James' independent division welcomes a Washington-based duo.
Osaic has now paid $17.2 million to settle claims involving former clients of Jim Walesa.
Oregon-based Eagle Wealth Management and Idaho-based West Oak Capital give Mercer 11 acquisitions in 2025, matching last year's total. “We think there's a great opportunity in the Pacific Northwest,” Mercer's Martine Lellis told InvestmentNews.
Osaic-owned CW Advisors has added more than $500 million to reach $14.5 billion in AUM, while Apella's latest deal brings more than $1 billion in new client assets.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
