SageView Advisory Group, a Newport Beach, California-based registered investment advisory firm overseeing $176 billion in assets, is acquiring Lakeview Wealth Management, a woman-led RIA firm overseeing $415 million in Deer Park, Illinois.
Terms of the transaction, which is expected to close by Dec. 1, were not disclosed.
The firm's leadership, Judy VanArsdale, and Lisa VanArsdale, will join SageView's wealth management team as managing directors and continue to be the team's financial advisers. Kristy Whitaker, Katie Krettler, Heidi VanArsdale Little and Brooke Little will continue to round out this team.
The metro-Chicago based former LPL Financial affiliate offers retirement and financial planning services, SageView said in a press release.
Surveys show continued misconceptions and pessimism about the program, as well as bipartisan support for reforms to sustain it into the future.
With doors being opened through new legislation and executive orders, guiding clients with their best interests in mind has never been more critical.
Meanwhile, Stephens lures a JPMorgan advisor in Louisiana, while Wells Fargo adds two wirehouse veterans from RBC.
Large institutions are airing concerns that everyday investors will cut into their fee-bargaining power and stakeholder status, among other worries.
Fights over compensation are a common area of hostility between wealth management firms and their employees, including financial advisors.
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.
