SageView Advisory Group Acquires Summit Financial Consultants

SageView Advisory Group Acquires Lakeview Wealth Management

December 1, 2022

Financial Services

SageView Advisory Group, a Newport Beach-based independent RIA backed by Aquiline Capital Partners, has agreed to acquire Lakeview Wealth Management of Deer Park, Illinois. The six-person, women-led Lakeview team will join SageView to expand the firm's presence in the Chicago-area and enhance its retirement and wealth management capabilities.

SageView Advisory Group Acquires Palmer Retirement Consulting

January 11, 2024

Wealth Management

Newport Beach-based SageView Advisory Group has acquired Palmer Retirement Consulting, a Fort Wayne, Indiana advisory firm that serves institutional retirement plan sponsors and individual wealth management clients. The deal, which closed Dec. 15, 2023, brings Palmer's leadership and staff into SageView as part of SageView's ongoing strategy to expand its institutional retirement consulting capabilities under its partnership with Aquiline Capital Partners.

SageView Advisory Group Acquires Capital One Investing Wealth Management Business

April 21, 2022

Wealth Management

SageView Advisory Group completed the acquisition of Capital One Investing, a $900 million wealth management business formerly owned by Capital One Financial Corporation. The deal transferred advisors, associates and accounts to SageView (supported by private-equity partner Aquiline) and expands SageView’s retirement-plan and wealth-management capabilities and AUM.

Aquiline Capital Partners Makes Strategic Investment in SageView Advisory Group

January 5, 2021

Financial Services

Aquiline Capital Partners has made a strategic growth investment in SageView Advisory Group, a Newport Beach–based registered investment advisor focused on retirement plan consulting and wealth management. SageView founders Randy Long and Jon Upham retain a significant equity stake and will continue to lead the firm; the capital will be used to accelerate growth in institutional retirement and wealth management and expand financial wellness offerings.

MAI Capital Management Acquires Summit Financial Advisors

September 12, 2025

Wealth Management

MAI Capital Management has acquired San Mateo-based Summit Financial Advisors, integrating Summit’s advisory team and approximately $570 million in client assets into MAI’s wealth management platform. The deal expands MAI’s presence and capabilities in California—adding Summit’s expertise serving Silicon Valley executives—while Summit’s lead advisor Rafael Velez joins MAI as Regional President and Senior Managing Director.

Summit Financial Onboards Gateway Advisory ( $830M AUM )

March 16, 2025

Wealth Management

Summit Financial has made a strategic investment in Gateway Advisory, a New Jersey-based registered investment advisory firm with $830 million in assets under management. The Gateway team and principals will integrate into Summit’s Parsippany office as part of Summit’s ongoing roll-up of advisory practices to expand its multi‑family office platform.