SageView Acquires Capital One Investing’s Portfolio Assets

INVESTMENT MANAGEMENT DEALS BLOG

February 18, 2022

On January 18, 2022, it was announced that SageView Advisory Group acquired investing client portfolios representing $900 million in assets under management from Capital One Investing.

Under the terms of the transaction, SageView Advisory Group (“SageView”) acquired investing client portfolios representing $900 million in assets under management from Capital One Investing, a direct subsidiary of Capital One Financial Corporation. Capital One Investing’s wealth management team will join SageView upon the closing of the transaction. The transaction, subject to customary closing conditions, is expected to close in the second quarter of 2022. Further terms of the deal were not disclosed.

SageView, based in Newport Beach, California, is a 401(k)-plan advisory-focused registered investment advisor with roughly $134 billion in assets under management.

Capital One Investing is a registered investment adviser offering financial planning and portfolio management to clients.

To read the press release: please click here.