SageView Acquires $25 Billion Retirement Plan Consulting Firm in Illinois
SageView Advisory Group, an independent registered investment adviser, has acquired CAP STRAT – formally known as Capital Strategies Investment Group LLC – an institutional retirement plan consulting and wealth management firm based in Oakbrook Terrace, Ill.
The financial terms of the transaction were not disclosed.
CAP STRAT manages approximately $25 billion in assets, including $750 million in wealth management assets under management and more than $24 billion in institutional assets under administration, as of June 30, 2025. CAP STRAT’s team of 23 principals, consultants and team members will become part of SageView. The CAP STRAT leadership team of Barbara Best, Nancy Rizzuto, Alison Bettonville, Mike Rarey, Michael Warford and Neil Davies will become managing directors at SageView.
“The intersection of retirement planning and wealth management continues to become more pronounced as an increasing number of individuals accumulate significant savings in their defined contribution plans,” said John Longley, chief executive officer of SageView since 2023. “Like SageView, CAP STRAT has focused on providing services and solutions in both areas. We are thrilled to have the CAP STRAT team join the SageView family as their expertise complements our own.”
CAP STRAT was founded in 2003 as a fiduciary investment and retirement advisory firm. In addition to providing retirement plan consulting and wealth management services, CAP STRAT will bring new capabilities to SageView, supporting institutional clients with discretionary asset management. The acquisition marks SageView’s first of the year.
Best said, “CAP STRAT was seeking a partner to help us reach our next level of growth, and SageView, with its similar culture and alignment on client service and support, was a perfect fit.”
Rizzuto added, “Right away, we felt a connection and recognized how well our teams would work together, and we know joining SageView will allow us to deliver even greater value to our clients. Collectively, we can offer deeper resources, broader experience, and a continued commitment to fiduciary excellence.”
SageView Advisory Group is an investment adviser registered with the U.S. Securities and Exchange Commission serving retirement plan sponsors and individuals throughout the United States since 1989. Headquartered in Newport Beach, Calif., it has more than 30 offices nationwide.
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