SageView Advisory Group Acquires $825M Retirement and Wealth Management Company kPlans

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LA-Area Group is the fifth company to join SageView since the launch of the M&A growth strategy

NEWPORT BEACH, Calif., June 8, 2022 /PRNewswire/ — SageView Advisory Group (“SageView”), one of the nation’s leading independent AIR firms, today announced that kPlans Investment Services Inc. of Valencia, California, joined the firm. kPlans, which has $825 million Assets Under Advice (AUA), provides pension advice with a focus on defined benefit and cash balance plans, as well as a growing wealth management practice.

The addition of kPlans, formerly known as Pensionmark LA, supports SageView’s M&A growth strategy in partnership with private equity firm Aquiline Capital Partners, which has extensive experience and leadership in investments in financial services. SageView’s strategy continues to position the company as the leading provider of comprehensive financial planning solutions at the intersection of wealth and retirement management for individuals and families across the country. kPlans is the fifth firm to join SageView since July 2021.

Randy LongFounder and CEO of SageView, said, “The addition of the kPlans team strengthens our industry-leading retirement practice during a period of significant growth and expansion for our entire business. We look forward to fostering the team’s continued success in delivering exceptional results to their clients. .”

Steve Sansonwho founded kPlans in 2005 and will become CEO of SageView, said that SageView’s senior management team, industry reputation, unique advisor support model, client deliverables, focus on investment technology and their desire to create a national cash balance advisory practice made the firm an attractive partner for their team and clients.

“The industry is clearly moving towards the intersection of retirement and wealth,” Sansone said. “SageView not only has the vision and tools to effect positive change in this new paradigm, but also the real and intellectual capital to make a substantial impact in the lives of our customers and their employees.”

Jon UphamPresident, who leads SageView’s retirement practice, added, “We are delighted to have Steve and kPlans join our family and help SageView expand our reach into the defined benefit and cash balances space, while continuing to provide a service outstanding to its customers. “

Wise Rhino Group has been an advisor to kPlans.

About the SageView Advisory Group
SageView Advisory Group is an SEC-registered investment advisory firm (RIA) serving pension plan sponsors and individuals across United States since 1989. SageView has provided advice on 401(k), 403(b), 457, defined benefit and deferred compensation plans, and provides comprehensive wealth management services to individuals and families. SageView is headquartered in Newport Beach, Californiaand has more than 30 offices nationwide advising more than $170 billion old-age assets (AUA) and $4 billion assets under management (AUM) advisory.

SageView Advisory Group, LLC is a registered investment adviser. Advisory Services are offered only to clients or prospective clients for whom SageView Advisory Group, LLC and its representatives are duly licensed or exempt from licensing. Past performance is not indicative of future results. No advice can be provided by SageView Advisory Group, LLC unless a customer service agreement is in place.

For more information on SageView, visit www.sageviewadvisory.com or call (800) 814-8742.

Contact: Julie Katsnelson
800.814.8742 |[email protected]

SOURCE SageView Advisory Group

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