SAGEVIEW EXPANDS WEALTH MANAGEMENT BUSINESS WITH ACQUISITION OF BLOOMFIELD HILLS FINANCIAL

Today’s announcement marks SageView’s first major wealth management acquisition and adds new office locations nationwide.

 

NEWPORT BEACH, California – Effective September 30, 2021, SageView Advisory Group has acquired Michigan-based Bloomfield Hills Financial, a wealth management firm originally formed in 1999, adding $1.8 billion in AUM to SageView.

Bloomfield Hills Financial focuses on full service financial planning for clients, including: investment, retirement, education, estate and insurance planning, along with risk management and tax consultation. The firm is led by Kevin VanDyke, who will join SageView as Managing Director. In total, the acquisition brings 50 new team members to SageView in six locations, including two in Michigan, and one each in California, Colorado, Massachusetts, and Texas.

VanDyke said: “Since starting Bloomfield Hills Financial 22 years ago, we’ve offered a unique client experience for all of our clients. We believe that success is a result of prudent, objective planning, discipline and honesty and doing all we can to help our clients meet both their long- and short-term financial goals. I am extremely proud of everything we have built over the years and in looking to the future, we wanted to join a firm that would allow us to continue to provide the highest level of client service and advice our clients expect. Through their nationwide footprint and extensive team of experienced investment professionals, SageView offers our firm the depth of scale to fully meet the needs of our clients and further expand our practice.”

Randy Long, SageView Founder and Managing Principal, added: “Growing our wealth management business is a key focus for us over the next few years. The acquisition of Bloomfield Hills Financial represents an exciting, strategic expansion of our wealth management offering both in the upper Midwest and nationwide. They have an excellent reputation and business model as well as a great team of advisors and associates around the country. We look forward to working together.”

Bloomfield Hills Financial is well-recognized in the industry as a leading wealth management firm:

  • Forbes Best-In-State Wealth Advisors 2019
  • Top 400 Financial Advisors by the Financial Times in 2016
  • Top 100 Independent Wealth Advisors by Barron’s in 2014-2018
  • Top 1200 Advisors in America by Barron’s in 2011-2021
  • 2021 BEST AND BRIGHTEST COMPANIES TO WORK FOR IN THE NATION®

Gladstone Associates served as exclusive financial advisor to Bloomfield Hills Financial in the transaction.