Saturday, April 13, 2024

SageView Alternatives Up Founders of $5B Retirement Workforce

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SageView Advisory Workforce is obtaining two of the founders and managing companions of Retirement Advantages Workforce in San Diego, along side their workforce, SageView stated Thursday.

The RBG workforce is an institutional retirement plan consulting crew with $5.2 billion in belongings below advisement, which additionally features a rising wealth control trade with $63 million in belongings below control, in keeping with impartial registered funding consultant SageView.

RBG used to be based in 2010 to supply custom designed retirement plan consulting answers, govt advantages and retirement control products and services to U.S. firms.

As a part of the deal, RGB co-founders Tony Franchimone and Larry Deatherage will turn out to be managing administrators at SageView and might be joined through retirement plan advisor Cory McCarthy, wealth consultant Winston Ventura and consumer products and services affiliate Rachel Corridor, SageView stated.

“SageView’s centralized make stronger groups in observe control, advisory products and services, advertising and marketing and trade construction give you the make stronger we want to proceed our expansion and luck serving retirement plan sponsors,” Franchimone stated in a commentary. “We will be able to additionally have the ability to evolve our wealth control expertise and operations with SageView.”

The transaction is predicted to near on June 30, in keeping with SageView. Monetary phrases weren’t disclosed.

The RBG acquire is the 9th that SageView has introduced since July 2021 and because setting up a partnership with Aquiline Capital Companions, a monetary products and services and technology-focused non-public fairness company.

Previous to RBG, Newport Seaside, California-based SageView stated in December that it finished an acquisition of Lakeview Wealth Control, a Deer Park, Illinois-based workforce of six girls.

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