SageView Advisory Group, an RIA firm, has acquired Capital One Investing, Capital One‘s $900 million wealth management business.
Capital One Investing is an investment adviser that offers portfolio management and financial planning services. The firm provides financial planning and wealth management services. SageView Advisory Group is an investment advisory firm serving retirement plan sponsors and individuals throughout the United States since 1989.
“We are thrilled to have completed this transaction and welcome so many talented professionals from around the country to the SageView family,” said Randy Long, SageView’s managing principal. “Thanks to our incredible team and support from our private-equity partners at Aquiline, we will continue to execute our growth strategy that builds upon our historic focus on financial wellness and retirement plan support as we enhance our capabilities and expertise as a wealth management solutions provider of choice.”
Bryan Cave Leighton Paisner LLP served as legal advisor to SageView on the transaction. Centerview Partners served as financial advisor to Capital One and Wachtell, Lipton, Rosen & Katz served as legal advisor to Capital One on the transaction.