Creative Planning to Acquire SageView Advisory Group

Paul, Weiss is advising Creative Planning, one of the largest registered investment advisors (RIAs) in the U.S., in its acquisition of SageView Advisory Group, one of the nation's leading independent RIA firms, with $250 billion in assets under management and advisement. Under the terms of the agreement, the newly combined firm would be the premier wealth management and retirement plan consulting firm, representing $640 billion in total client assets, and serving more than 80,000 private wealth clients and 11,800 retirement plans worldwide. Following completion of the transaction, Aquiline, the current majority owner of SageView, will exit its interest in the firm.

The Paul, Weiss team is led by corporate partners Matthew Abbott and Ellen Ching, and includes partner Suhan Shim; tax partner Lindsay Parks; and antitrust partner Marta Kelly and counsel Chad de Souza.