Skip to main content

You are here


SageView Acquires kPlans in $825 Million Deal

Business Growth Strategies

The SageView Advisory Group announced June 8 that Valencia, California-based kPlans Investment Services Inc. has joined the firm.

With $825 million in assets under advisement, kPlans offers retirement plan consulting with a focus on defined benefit and cash balance plans, as well as a growing wealth management practice.

“The addition of the kPlans team bolsters our industry-leading retirement practice during a period of significant growth and expansion for our entire company,” stated Randy Long, SageView’s Founder and CEO. “We look forward to fostering the team’s continued success in delivering outstanding results to their clients.”

The acquisition of kPlans—previously known as Pensionmark LA—supports SageView’s M&A growth strategy in partnership with private equity firm Aquiline Capital Partners, according to the announcement. SageView’s strategy continues to position the firm as the leading provider of comprehensive financial planning solutions at the intersection of wealth management and retirement for individuals and families across the country. kPlans is the fifth firm to join SageView since July 2021. 

kPlans founder Steve Sansone, who will become a Managing Director at SageView, notes that SageView’s senior management team, industry reputation, advisor support model, focus on investment technology and desire to build a national cash balance advisory practice made the firm an attractive partner for his team and clients.

“The industry is clearly moving towards the intersection of retirement and wealth,” stated Sansone. “SageView not only has the vision and the tools to effectuate positive change in this new paradigm but also the actual and intellectual capital to make a substantial impact in the lives of our clients and their employees.”

SageView’s retirement practice leader Jon Upham, President, added, “We are thrilled to have Steve and kPlans join our family and help SageView expand our reach in the defined benefit and cash balance space, as well as continue to deliver exceptional service to its clients.”