SageView Closes Acquisition of Capital One Wealth Management Business.
MANews-(C)2009-2022
US-based RIA firm SageView Advisory Group has completed the acquisition of US-based bank holding company Capital One's (NYSE: COF) USD 900m wealth management business with the advisors, associates and accounts completing the transition to SageView, the firm said.
Capital One Investing, a direct subsidiary of Capital One Financial Corp., was an SEC-registered investment adviser that offered portfolio management and financial planning services to clients.
The advisors and client support teams became SageView employees as part of this transaction and will continue to work remotely from their homes in Florida, Maryland, New York, Oklahoma, Tennessee, Texas and Virginia.
SageView entered into a definitive...
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