SageView buys retirement plan practice of Oregon firm

SageView Advisory Group, a Newport Beach, California-based registered investment advisory firm specializing in retirement plans and overseeing about $134 billion in assets, has acquired the retirement plan services practice of Arnerich Massena, an advisory firm in Portland, Oregon.

As part of the move, Luka Arnerich, who had spent 8 years at Arnerich Massena, will join SageView as a retirement plan consultant.

The sale will allow Arnerich Massena to concentrate on private wealth management, endowments and foundations, Bryan Shipley, the firm’s Co-CEO and chief investment officer, said in a press release.

[More: SageView deal shows RPA M&A market is still hot ]

The post SageView buys retirement plan practice of Oregon firm appeared first on InvestmentNews.

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