SageView Advisory Group is pleased to announce the appointment of John Longley as its new CEO, effective September 1. Longley joins the firm at a time when it is actively pursuing an acquisition strategy.
Randy Long, who founded SageView in 1989, will continue to contribute as the firm’s chairman. Long has been planning this transition for some time, stating, “I just had my 65th birthday. It’s time for me to pass the baton.”
Longley, a former executive from Silicon Valley Bank’s wealth management division, brings a wealth of experience to his new role. Prior to joining SageView, he served as the President of SVB Private at First Citizens Bank & Trust Co. Notably, Longley had previously worked at Boston Private, a registered investment advisor acquired by Silicon Valley Bank in 2021. He has also held positions at BlackRock and Citi Private Bank earlier in his career.
Reflecting on his decision to join SageView, Longley explains, “The March banking crisis allowed me to contemplate my professional future. I was fortunate to have multiple opportunities, but SageView stood out as the most compelling.”
Under Longley’s leadership, SageView is poised to continue its growth trajectory. The firm has made significant strides in recent years, securing private-equity backing and expanding through strategic acquisitions. Alongside the appointment of talented executives, including Longley as Chief Executive Officer, SageView is well-positioned to meet the evolving needs of its clients.
As SageView moves forward with its strategic initiatives, the firm remains committed to delivering exceptional wealth management services and pursuing new avenues of growth.
SageView Expands with Private-Equity Backing
SageView, a leading retirement plan and wealth management advisory firm, is set to undergo further expansion with the support of private-equity firm Aquiline. The firm’s CEO, Randy Longley, expressed excitement about the partnership, highlighting Aquiline’s backing and the potential for growth in their retirement plan and wealth management businesses.
With over 2,100 retirement plans and approximately 1.7 million participants, SageView currently manages $170 billion in assets. Additionally, the firm oversees $4 billion in client assets for wealth management clients.
Aquiline’s investment in SageView last year paved the way for the firm’s rapid expansion. Having acquired nine firms since then, SageView has greatly expanded its geographic presence and overall business. With over 30 offices nationwide, the Newport Beach-based firm has positioned itself as a key player in the industry. Most recently, SageView acquired a San Diego-based institutional retirement plan consulting group with $5.2 billion in assets under advisement.
Looking ahead, SageView remains focused on further growth and expansion. Longley emphasizes the need to connect solutions across platforms for clients and sees tremendous potential for the firm’s retirement and wealth businesses. As such, SageView will continue to seek out acquisition opportunities to enhance its services and capabilities.
For more information about SageView and its offerings, please visit their website.
