On November 29, 2022, Wealthspire Advisors LLC announced that it would purchase Sage Financial Advisors, Inc.
Under the terms of the transaction, Wealthspire Advisors LLC (“Wealthspire”) has agreed to purchase Sage Financial Advisors, Inc. (“Sage”). The transaction is expected to close in the fourth quarter of 2022, subject to standard regulatory approvals.
Wealthspire, based in New York, is a registered investment advisor that acts as a wealth manager, investment advisor and consultant. Wealthspire has over $16 billion in assets under management as of September 2022.
Sage, based in Reno, Nevada, is a registered investment advisor. Sage oversees approximately $194 million in client assets under administration. DeVoe & Company served as financial advisor to Sage on the transaction.
To read the press release: please click here.