Creative Planning, the Overland Park, Kan.-based registered investment advisor with more than $370 billion in assets under management and advisement, has agreed to acquire SageView Advisory Group, a retirement-focused RIA which had $235 billion in AUM and AUA as of the end of 2024, according to sources close to the firms.<\/p>\n
SageView has been majority owned by Aquiline Capital Partners<\/a>, a financial services and tech-focused private equity firm, since early 2021. Citywire.com reported in May that Aquiline was exploring a sale of the retirement plan-focused RIA.<\/p>\n SageView was founded in 1989 by Randy Long, who now serves as chairman. In 2023, the firm hired John Longley,<\/a> a former SVB Private president, to replace Long as CEO.<\/p>\n When asked about the transaction, Long declined to comment. Creative Planning CEO Peter Mallouk<\/a> did not return requests for comment prior to publication.<\/p>\n SageView is one of the original retirement plan advisor aggregators, alongside Captrust and what is now Hub. Captrust was one of the firms in the running for SageView, sources said.<\/p>\n Since Aquiline took ownership, SageView has been actively working to add wealth management capabilities alongside its retirement business. The firm has actively targeted wealth and retirement practices in geographically strategic areas where it can expand those services.<\/p>\n