SageView Advisory Group says it’s acquiring Capital One Investing’s client portfolios, which are worth $900 million.

As part of the deal, SageView says it is also adding the Capital One Investing wealth management team that serves the clients of these portfolios.

SageView did not disclose the total number of financial professionals joining from Capital One, only saying that they’re “located across the country, including Maryland, New York, Oklahoma, Tennessee, Texas and Virginia.”

The companies also didn’t disclose the financial terms of the deal, which is expected to close in the second quarter of 2022.

SageView says the Capital One acquisition is its fourth since July 2021.

“This acquisition directly aligns with our strategic vision to expand the wealth management division at SageView and brings a talented group of financial advisors to the team while expanding our presence nationally,” Randy Long, SageView founder and managing principal, said in the firm’s announcement.

In October, SageView announced that it acquired the $1.8 billion Michigan-based Bloomfield Hills Financial.

SageView also acquired an institutional retirement plan consulting firm with $17 billion in client assets this summer.

In the first quarter of 2021, meanwhile, SageView itself was acquired by Aquiline Capital in a deal that involved $120 billion in client assets, according to Echelon.

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