SageView Advisory Group has announced that Channel Financial has joined the firm.
Channel Financial advises on over 130 retirement plans totaling $3.5 billion in AUA, in addition to a number of wealth management clients, according to a press release.
Founded in 2002, Channel Financial is based outside Minneapolis, MN; the acquisition brings seven professionals to SageView, including Partners Matt Gulseth, Jim McDonald and Dan Stewart, who join SageView as Managing Directors.
“We are excited to have Channel Financial as part of our team and know they will add tremendous value to the SageView organization,” said SageView Founder and Managing Principal Randy Long. “Matt, Jim, Dan and the entire team have built a successful practice with an excellent reputation among their long-standing clients, and we are thrilled to bring together our combined resources and experience to our expanded Midwest footprint.”
Channel Financial is the fourth firm to join SageView in the last 12 months. Wise Rhino served as exclusive financial advisor to Channel Financial in the transaction.
