Sageview to Acquire Former LPL Affiliate with $415 Million in Client Assets
SageView Advisory Group, an independent registered investment advisory firm, announced that Lakeview Wealth Management of Deer Park, Illinois, is to join the company.
SageView Advisory Group, an independent registered investment advisory firm, announced the acquisition of Deer Park, Illinois-based Lakeview Wealth Management, an advisory firm formerly affiliated with LPL Financial which oversees $415 million in client assets.
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 also remain on the team.
“Welcoming Judy, Lisa and their team to SageView supports our growth strategy and expands our presence in the important Chicago-area market,” said Randy Long, SageView founder and managing principal. “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.”
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.
SageView is headquartered in Newport Beach, California.
