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June 9, 2022

SageView acquires kPlans Investment Services

Sageview Advisory Group has acquired California-based retirement and wealth management firm kPlans Investment Services.

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How attractive are current investment opportunities in Europe?

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Financial terms of the deal were not divulged.

Founded by Steve Sansone in 2005, kPlans specialises in retirement plan consulting with a focus on defined benefit and cash balance plans. The firm, which is also said to have a growing wealth practice, adds $825m assets under advisement (AUA) to SageView.

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

Commenting on the deal, SageView founder and CEO Randy Long said: “The addition of the kPlans team bolsters our industry-leading retirement practice during a period of significant growth and expansion for our entire company. We look forward to fostering the team’s continued success in delivering outstanding results to their clients.”

The acquisition forms part of SageView’s M&A growth strategy launched in partnership with private equity firm Aquiline Capital Partners.

The firm aims to become a comprehensive financial planning provider at the intersection of wealth management and retirement for individuals and families in the US.

Sansone noted: “The industry is clearly moving towards the intersection of retirement and wealth. SageView not only has the vision and the tools to effectuate positive change in this new paradigm but also the actual and intellectual capital to make a substantial impact in the lives of our clients and their employees.”

As agreed, Sansone will join SageView as a managing director.

SageView president and retirement practice lead Jon Upham said: “We are thrilled to have Steve and kPlans join our family and help SageView expand our reach in the defined benefit and Cash Balance space, as well as continue to deliver exceptional service to its clients.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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