SageView brokers acquire Summit Financial Consultants

SageView Advisory Group has agreed to acquire Angeles-based wealth management firm Summit Financial Consultants for an undisclosed amount.

The transaction is expected to close on July 31, 2022.

Summit, which oversees $321 million in assets, provides comprehensive retirement planning and financial planning to clients.

As a result of the agreement, Summit clients will be offered SageView’s suite of investment and planning services.

Cody Klein, Summit Financial Consultants Partner and Senior Wealth Advisor, said, “Joining SageView will enhance our own business services and expand our ability to help our clients, who rely on us for a holistic and personal approach to wealth management. wealth management and financial planning.

Founder, Partner and CEO of Summit Financial Consultants, Neil Elmouchi, added, “SageView is the perfect partner for our company because its proven track record of growth and unique ability to bridge the gap between retirement and managing heritage will give our team the platform to deliver even more for our clients and help them achieve their vision.

The latest transaction marks SageView’s sixth acquisition since July 2021 and closely follows recent retirement and wealth management acquisitions.

Earlier this month, SageView took over California-based pension and wealth management firm kPlans Investment Services.

The California-based company has accelerated its strategy of expanding into the wealth management space through recruitment and acquisitions.

Commenting on the deal, SageView Founder and Managing Director Randy Long said, “We are excited to take the first step in bringing this exceptional group of financial advisors to SageView and the ever-expanding wealth management arm of this fast growing company.

“Summit Financial Consultants, with more than 30 years of serving clients, will amplify SageView’s mission to provide holistic financial planning at the intersection of retirement and wealth management. We look forward to working with the team.

Founded in 1989, SageView provides comprehensive wealth management services to individuals and families. The company currently has more than 30 offices across the United States.

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