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.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
