SAGEVIEW ACQUIRES MINNESOTA-BASED CHANNEL FINANCIAL
NEWPORT BEACH, California – SageView Advisory Group announced today that Channel Financial has joined the firm. Channel Financial advises on over 150 retirement plans totaling $3.1 billion in AUA, in addition to a number of wealth management clients.
Founded in 2002, Channel Financial supports Plan Sponsors to help them meet their fiduciary responsibilities and create better outcomes for employees, as well as offers holistic financial planning for individuals. 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.
Gulseth, McDonald and Stewart jointly said: “Joining SageView allows us to offer best-in-class solutions to our clients, while maintaining our core values of offering straightforward advice without conflict and exceptional client service. In addition to the resources and opportunities SageView will provide our clients, SageView was the right cultural fit for us. We look forward to this new chapter with SageView.”
Randy Long, SageView Founder and Managing Principal, added: “We are excited to have Channel Financial as part of our team and know they will add tremendous value to the SageView organization. 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 has been well-recognized in the industry over the past decade:
- 2019 - PLANSPONSOR Retirement Plan Advisor of the Year Finalist
- 2017 - Member of the Financial Times Top 401 Retirement Plan Advisors
- 2015-2017 – PLANADVISER Top 100 Teams
- 2015 – Finalist for SPARK Award in Plan Design Innovation
- 2014 – Behavioral Financial Innovator Award
- 2010-2011 – 401k Wire’s 300 Most Influential DC Advisors
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.