SageView Advisory Group has acquired MJM401k, an institutional retirement plan consulting firm based in Arizona and Southern California, adding some $17 billion in AUA, over 100 retirement plans, and eight employees to the SageView team.
Started in 2005, MJM401k provides retirement plan consulting services to its clients in a variety of industry sectors. According to a press release, the firm is focused on ERISA fiduciary governance, plan investments, vendor selection and management, fee benchmarking, and supporting participants through retirement income planning and education.
MJM401k founder Michael J. Malone, now a Managing Director at SageView, noted that “MJM401k was built on the belief that employers of all sizes need independent, transparent advice in managing their retirement plans. Just as importantly, they need that advice to be provided by people who are both productive and trustworthy. I am immensely proud that our talented and dedicated employees have been able to meet those goals consistently over the last 16 years. By joining SageView, a firm that we have always respected for their expertise and their dedication to serving their 401(k) clients, we will not only be able to continue that approach, but we will also enhance it through the various features and services that SageView offers.”
“From our initial conversations, we knew MJM401k would be a great fit for SageView,” commented Randy Long, SageView Founder and Managing Principal. “Mike and the team are wholly committed to their clients and maintain the highest standard of care. The addition of MJM401k is great news for both teams and we look forward to working together.”
Earlier this year SageView Advisory Group announced a strategic investment from Aquiline Capital Partners, which also owns Ascensus. In March, SageView acquired the retirement plan services practice of Arnerich Massena.
