SageView Advisory Group Acquires USD 825m Retirement and Wealth Management Firm kPlans.

MANews-(C)2009-2022

US-based independent RIA firm SageView Advisory Group has acquired kPlans Investment Services Inc. of Valencia, California, the firm said.

kPlans, which has USD 825m assets under advisement, offers retirement plan consulting with a focus on defined benefit and Cash Balance plans, as well as a growing wealth practice.

The addition of kPlans, previously known as Pensionmark LA, supports SageView's M and A growth strategy in partnership with private equity firm Aquiline Capital Partners which has extensive experience and leadership in financial services investments.

SageView's strategy continues to position the firm as the provider of comprehensive financial planning solutions at the intersection of wealth management and retirement for individuals and families across the country.

kPlans is the fifth firm to join SageView since July 2021.

Steve Sansone, who founded kPlans in 2005 and will become a managing director at SageView, said SageView's senior management team, its industry reputation, unique advisor support model, client deliverables, focus on investment technology and their desire to build a national Cash Balance Advisory practice made the firm an attractive partner for his team and clients.

Wise Rhino Group served as Advisor to kPlans.

SageView Advisory Group...

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