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.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
