SageView Advisory Group Agrees To Acquire $415 Million Women-Led Lakeview Wealth Management

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Oct 12, 2022, 06:00 ET

Metro-Chicago Based Former LPL Financial Affiliate to Join SageView to Gain Greater Efficiencies and Provide Expanded Capabilities and Enhanced Services to Clients

NEWPORT BEACH, Calif., Oct. 12, 2022 /PRNewswire/ -- SageView Advisory Group ("SageView"), one of the nation's leading independent RIA firms, announced today that Lakeview Wealth Management of Deer Park, Illinois, is to join the company. Lakeview Wealth Management, which oversees $415 million in client assets, offers retirement and financial planning services.

The entire six-woman Lakeview Wealth Management Team will join SageView as part of the acquisition. The firm's leadership, Judy VanArsdale, and Lisa VanArsdale will join SageView's wealth management team as Managing Directors and continue to be the team's Financial Advisors. Kristy Whitaker, Katie Krettler, Heidi VanArsdale Little and Brooke Little will continue to round out this team with their focus remaining on providing their clients a one-of-a-kind experience.

Randy Long, SageView Founder and Managing Principal said, "Welcoming Judy, Lisa and their team to SageView supports our growth strategy and expands our presence in the important Chicago-area market. Judy has more than 20 years of experience in the financial services industry and was recognized for the past three consecutive years as one of Forbes' Top Women Wealth Advisors and Best-in-State Wealth Advisors. Lisa, who joined the family practice 11 years ago, has been recognized for her leadership and passion as a finalist in 2021 and 2022 for Women in Asset Management Next-Gen Leader of the Year. Their joint experience will enhance SageView's mission of delivering best-in-class financial planning at the intersection of retirement and wealth management."

Judy VanArsdale said, "Joining SageView gives us access to additional resources and enhances our ability to meet and exceed our clients' needs. The firm's tools, technology and resources are exactly what we need to grow our business. This partnership will allow our team more time to remain accessible to our clients, as planning for their financial future and focusing on educating to build their confidence is our favorite part of the job."

Lisa VanArsdale added, "As our clients asked us to consider alternative options and services, we felt finding a cultural fit for our practice would be critical to our success and as we got to know Randy and his team, we knew we'd be at home within the SageView family. We are excited to be on board and look forward to the opportunities SageView will provide our clients."

The agreement with Lakeview Wealth Management is the seventh that SageView has announced since July 2021 and since it established a partnership with leading financial services and technology-focused private equity firm Aquiline Capital Partners.

The transaction is expected to close by Dec. 1, 2022.

About SageView Advisory Group

SageView Advisory Group is an SEC-Registered Investment Advisory firm (RIA) serving retirement plan sponsors and individuals throughout the United States since 1989. SageView advises on 401(k), 403(b), 457, defined benefit and deferred compensation plans, and provides comprehensive wealth management services to individuals and families. SageView is headquartered in Newport Beach, California, and has more than 30 offices nationwide.

SageView Advisory Group, LLC is a Registered Investment Advisor. Advisory services are only offered to clients or prospective clients where SageView Advisory Group, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future results. No advice may be rendered by SageView Advisory Group, LLC unless a client service agreement is in place.

For more information about SageView, visit www.sageviewadvisory.com or call (800) 814-8742.

Contact: Julie Katsnelson
800.814.8742 | [email protected]

SOURCE SageView Advisory Group