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New Deal


Announced

Completed

SageView Advisory completed the acquisition of Summit Financial Consultants of Westlake Village.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Friendly

Private

financial services

financial planning

United States

Financial Data and Systems

Acquisition

Domestic

retirement planning

Single Bidder

Completed

Synopsis

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SageView Advisory, an employee-owned and independent SEC-registered investment advisor, completed the acquisition of Summit Financial Consultants of Westlake Village, a provider of retirement planning and comprehensive financial planning services. Financial terms were not disclosed. "We are delighted to take the first step in bringing this outstanding group of financial advisors to SageView and the ever-expanding wealth management arm of this fast-growing company. Summit Financial Consultants, with its more than 30 years of serving clients, will amplify SageView's mission of delivering holistic financial planning at the intersection of retirement and wealth management. We look forward to working with the team," Randy Long, SageView Founder and Managing Principal.

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