SageView Advisory Group, a Newport Beach, California-based registered investment advisory firm specializing in retirement plans and overseeing about $134 billion in assets, has acquired the retirement plan services practice of Arnerich Massena, an advisory firm in Portland, Oregon.
As part of the move, Luka Arnerich, who had spent 8 years at Arnerich Massena, will join SageView as a retirement plan consultant.
The sale will allow Arnerich Massena to concentrate on private wealth management, endowments and foundations, Bryan Shipley, the firm's Co-CEO and chief investment officer, said in a press release.
A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.
Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
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.
