Westlake Village, Californiabased team will be integrated under the SageView name
NEWPORT BEACH, California, August 9, 2022 /PRNewswire/ — SageView Advisory Group (“SageView”), one of the nation’s leading independent RIA firms, announced today that it has completed the acquisition of Summit Financial Consultants and successfully transitioned its business to SageView .
“Summit Financial has thrived under the leadership of Neil, Kimberly and Cody, and we are grateful that they will continue this journey as members of the SageView family,” he said. Randy Long, founder and CEO of SageView. “We look forward to supporting their continued growth as they deliver to their customers Southern California.”
Neil Elmouchi founded Summit Financial Consultants, an RIA, in 1985 as a comprehensive retirement and financial planning firm. The firm has 321 million dollars in assets under management (AUM) as of closing.
Mr. Elmouchi said, “During this process, I discovered that Randy shared my deep belief that if you put people first, your practice and your clients will win. SageView continues to demonstrate this value in its approach to building its leadership in the intersection of wealth management and retirement, and I’m grateful that my team is now a part of that effort.”
The acquisition of Summit Financial is SageView’s sixth since then July 2021 as part of its M&A growth strategy. SageView, which partnered with leading technology-focused financial services and private equity firm Aquiline Capital Partners in January 2021is a long-time leader serving retirement plan sponsors nationwide, with more 170 billion dollars in the assets of the retirement plan.
Cody Kleinpartner and senior wealth advisor at Summit, said, “Our integration into SageView has been seamless and our clients have already seen the benefits of our partnership. We are excited to be part of SageView’s stronger presence in Southern California.”
Kimberly Laupartner and co-CEO of Summit, added, “We were fortunate to have several options as we considered the best path forward for our company and after a significant due diligence process, we found our partner at SageView. Our similar investment approaches and shared corporate culture made it clear that we had found the right home for our team.”
SkyView served as the exclusive financial advisor to Summit Financial Consultants.
About SageView Advisory Group
SageView Advisory Group is an SEC-registered investment advisory firm (RIA) serving retirement plan sponsors and individuals everywhere. the united states since 1989. SageView advises on 401(k), 403(b), 457, deferred compensation and defined benefit plans, and provides comprehensive wealth management services to individuals and families. SageView is based in Newport Beach, Californiaand has more than 30 offices throughout the country advising on over 170 million dollars of the retirement asset (AUA) i 4 billion dollars of advisory assets under management (AUM).
SageView Advisory Group, LLC is a registered investment advisor. Advisory services are offered to clients or potential clients only when SageView Advisory Group, LLC and its representatives are properly licensed or exempt from licensing. Past performance is no guarantee of future results. SageView Advisory Group, LLC cannot provide any advice unless there is a client service agreement.
To learn more about 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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