Podcast Center
Video Center
Webcasts
Resource Center
Events
By 
August 15, 2023 at 01:56 PM
What You Need to Know
- RIA SageView’s CEO and chairman appointments mark the start of the next phase of its growth plan, the firm says.
- SageView expects the new CEO and chairman will help drive its ongoing expansion in wealth management.
- The appointments become effective Sept. 1.
Newport Beach, California-based SageView Advisory Group appointed John Longley, one-time BlackRock head of Private Wealth, to serve as its CEO, while naming SageView founder Randy Long its chairman in appointments to become effective Sept. 1, the firm said Monday.
Longley most recently served as president of SVB Private, a division of First Citizens Bank & Trust Co., after being promoted from head of SVB’s Private Bank, Wealth and Trust division.
His prior roles include serving as head of Boston Private’s western operations and as co-founder and CEO of Dobot, a digital financial advisory platform acquired by Fifth Third Bank. Earlier in his career, Longley was head of Private Wealth for BlackRock and was CEO of Citi Private Bank N.A.
Long founded SageView in 1989 and has led the RIA’s expansion since then, with a particular emphasis on the retirement plan management space, the firm said.
SageView now advises on over 2,100 defined contribution, defined benefit and deferred compensation retirement plans, representing about 1.7 million participants with $170 billion in assets, it said. The firm has over 30 U.S. offices.
Long also oversaw the development of SageView’s wealth management business that now oversees $4 billion in client assets, the company noted.
SageView’s appointments mark the start of the “next phase of its growth vision” and are “expected to further fuel SageView’s ongoing expansion in wealth management, while reinforcing the firm’s leadership position in the retirement plan advisory space,” the firm said.
As chairman, Long plans to “deepen [the] focus” on the firm’s strategy setting and growth planning, SageView said.
The appointments follow three years of growth for SageView that it said was driven by Long’s decision to invite private investment firm Aquiline Capital Partners to invest in SageView in 2020. With the help of Aquiline, Long and his team “exceeded the firm’s growth goals under its current three-year plan, successfully expanding via organic growth efforts and acquisition,” the firm said.
