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Deals Of The Day: The Latest In Wealth Management M&A – SageView, Summit

Editorial Staff, August 9, 2022

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The latest corporate deals, transactions and acquisitions in the North American wealth management industry.

SageView, Summit
SageView Advisory Group, a US-registered investment advisor, has completed its purchase of Summit Financial Consultants. The original agreement to buy the firm, which has $321 million in AuM, was announced in June. 

Neil Elmouchi founded Summit in 1985 as a retirement and comprehensive financial planning firm.

The Summit deal is the sixth purchase that SageView has completed since July 2021 as part of its M&A growth strategy. SageView, which established a partnership with leading financial services and technology-focused private equity firm Aquiline Capital Partners in January 2021, has more than $170 billion in retirement plan assets.

SkyView served as the exclusive financial advisor to Summit Financial Consultants.

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