M&A Deal Summary

SageView Advisory Group Acquires Palmer Retirement

On January 11, 2024, SageView Advisory Group acquired business services company Palmer Retirement

Acquisition Highlights
  • This is SageView Advisory Group’s 2nd transaction in the Business Services sector.
  • This is SageView Advisory Group’s 2nd transaction in the United States.
  • This is SageView Advisory Group’s 1st transaction in Indiana.

M&A Deal Summary
Date 2024-01-11
Target Palmer Retirement
Sector Business Services
Buyer(s) SageView Advisory Group
Deal Type Add-on Acquisition
Advisor(s) Wise Rhino Group (Financial)

Target

Palmer Retirement

Fort Wayne, Indiana, United States
Palmer Retirement is an advisory firm with both institutional retirement plan clients and wealth management clients. PRC is based in Fort Wayne, Indiana.

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Buyer(S) 1

Buyer

SageView Advisory Group

Newport Beach, California, United States
Category Company
Founded 1989
Sector Business Services
DESCRIPTION

SageView Advisory Group is an independent SEC Registered Investment Advisor (RIA) that advises its clients on over $170 billion in assets, representing more than 1,700 institutions and over 6,000 households. SageView Advisory Group was formed in 1989 and is based in Newport Beach, California.

DEAL STATS #
Overall 2 of 3
Sector (Business Services) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Indiana) 1 of 1
Country (United States) 2 of 3
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-12 Lakeview Wealth Management

Deer Park, Illinois, United States

Lakeview Wealth Management is an independent, financial services firm that offers wealth management and financial planning services to clients. Securities and Advisory Services are offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Lakeview Wealth Management is based in Deer Park, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-04 OnTrack 401

Frederick, Maryland, United States

OnTrack 401(k) is a registered investment advisor with $400 million in Assets Under Advisement (AUA) and provides retirement plan consulting services to over 90 institutions. OnTrack 401(k) is based in Frederick, Maryland.

Buy -
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