SageView Advisory Group to Acquire Women-Led Lakeview Wealth Management
SageView Advisory Groupa leading independent registered investment advisory firm, announced that Lakeview Wealth Management of Deer Park, Illinois, joins the company. Lakeview Wealth Management, which oversees $415 million in client assets, offers retirement and financial planning services.
Lakeview’s entire wealth management team of six women will join SageView as part of the acquisition. Company executives Judy VanArsdale and Lisa VanArsdale will join SageView’s wealth management team as managing directors and continue to serve as the team’s financial advisors. Kristy Whitaker, Katie Krettler, Heidi VanArsdale Little and Brooke Little will continue to round out this team, with their focus remaining on providing their customers with a unique experience.
The deal with Lakeview Wealth Management is the seventh SageView has announced since July 2021 and since partnering with technology-focused financial services and private equity firm Aquiline Capital Partners.
The transaction is expected to close by December 1.
Dechert expands transactional capabilities with New York-based ERISA partner
Dechert LLP announced that John Schuch will join the firm group benefits and executive compensation as a partner based in New York.
Schuch has experience advising on ERISA’s fiduciary rules and prohibited transactions as they relate to asset managers, investment advisers, banks, broker-dealers and other financial intermediaries. He joins Dechert from Bank of America, where he served for more than a decade as Associate General Counsel and Chief Legal Officer. He was the lead counsel providing ERISA and related advice across the global banking and market banking division.
Previously, Schuch was an attorney in Morgan Stanley’s legal department, where he focused on covering its institutional banking, brokerage and investment management businesses as they involved pension plan clients. Schuch is a graduate of Binghamton University and graduated summa cum laude from Brooklyn Law School, where he served as Notes and Commentary Editor of the Brooklyn Law Review.
Corebridge Financial hires President of Retirement Services
Corebridge Financial, Inc. announced that Terri Fiedler had been named president of his retirement services company, effective immediately. She will continue to report to CEO Kevin Hogan.
Fiedler has served as President of Financial Distributors since 2019, leading Corebridge’s sales and distribution organization which markets individual retirement solutions and insurance products through a wide range of wholesale and retail distribution channels. She joined the company in 2012 as Executive Vice President, Strategic Accounts. Fiedler is a trustee of the Foundation for Financial Planning and is the new chair of the board of the Insured Retirement Institute.
Fiedler replaces Robert Scheinerman who is leaving Corebridge to pursue new opportunities.
The main financial group changes its name
Principal Financial Group has announced that its investment unit will operate as Principal Asset Management as the company seeks to focus on asset management.
Resources have been devoted to the creation of new products and alternative investment options such as model portfolios and direct loans. Hires have been made to support growth initiatives such as global wealth alternatives and liability-focused investing. The client experience is transformed through a digital strategy that combines data analytics with market insights from Principal Asset Management’s investment experts to help clients optimize their portfolios and deepen their relationships.
UBS hires 7 people in California
UBS Wealth Management United States announced that financial advisors Jordan Gersch, Doug Brady, Michael Grant Matthews and Amy Oliver joined the company’s Northern California wealth management market, led by Erin Borger.
Gersch is based at the company’s San Francisco office, Brady is based in Los Gatos, and Matthews and Oliver are based in Menlo Park. Together, the three teams are responsible for managing over $1.4 billion in client assets for high net worth individuals and families.
Jordan Gersch has over 20 years of experience and is focused on providing wealthy individuals and families with wealth management solutions to meet their long-term needs and goals. He joins UBS from Morgan Stanley, where he has spent the past 11 years working as a financial advisor.
Brady brings more … than 26 years of experience at UBS and good at guiding clients through challenging markets and their own life-changing events. He focuses on providing high net worth individuals, families and business owners with holistic financial strategies tailored to their unique needs and goals. His areas of experience include estate and retirement planning, lending and insurance strategies. Prior to UBS, Doug was a financial advisor at Morgan Stanley.
Matthews and Oliver join UBS from Morgan Stanley, where they joined to form the Matthews Oliver Group in 2009. Together with their team, they are focused on providing clients with comprehensive wealth management solutions, including financial planning, wealth transfers, philanthropy, tax planning, stock options, business succession planning, lending solutions and risk management.
Matthews brings over 25 years of experience advising Bay Area executives, entrepreneurs and retirees on retirement planning, estate planning strategies and investment management. Oliver has over 18 years of experience providing comprehensive wealth management solutions for high net worth individuals and their families, focusing on financial and tax planning strategies, wealth transfers and philanthropy.
UBS also announced that Sequoia Partnersand his team of three, joined the firm in Irvine. The team is led by financial advisers Howard Woo and Luke Schell and also includes customer service associate Cyntia Lopez.
The Sequoia Partners team advises high net worth and ultra high net worth individuals and families on comprehensive retirement and cash flow planning, estate planning strategies and portfolio management, including asset allocation, risk management, construction of equity and fixed income portfolios, as well as alternative investments.
Woo joins UBS from Merrill, where he served as a branch manager in Irvine and was a co-founder of its team. He has 24 years of experience in wealth management and comprehensive investments for high net worth and ultra high net worth individuals and families, corporations, endowments and foundations. Howard holds the designations of Chartered Private Wealth Advisor and Chartered Retirement Planning Advisor. He also holds a degree in economics and business management from the University of California at Irvine.
Schell also joins UBS from Merrill and brings over 20 years of industry experience. He is focused on providing holistic wealth management solutions and has continued to cultivate client loyalty and responsiveness through the implementation of progressive ideas and commitment to client well-being. Luke holds the Certified Financial Planner designation. He earned an MBA from USC’s Marshall School of Business, as well as a BA in Economics and a BS in Business Administration with a minor in German, also from USC.
Lopez is a Client Service Associate on the Sequoia Partners team, which focuses on providing organizational and client support. She began her career at Bank of America in 2016 as a Relationship Manager, then joined Merrill as a Wealth Management Client Associate. Lopez attended Orange Coast College and also holds a solicitor’s license.