SageView Advisory Group—one of the nation’s leading independent RIA firms—announced it has acquired OnTrack 401(k) of Frederick, Maryland. OnTrack 401(k), which has $400 million in Assets Under Advice (AUA), provides retirement plan consulting services to over 90 institutions.
OnTrack 401(k)’s Doug O’Rear joined SageView as Managing Director, and his team member Cindy Brown joined as a Retirement Plan Consultant. This is SageView’s second Maryland location and enhances the firm’s position as a leading provider of comprehensive financial planning solutions at the intersection of wealth management and retirement for institutions and individuals across the country.
O’Rear started his career in financial services with MassMutual Financial Group. Nearly four years later, he co-founded OnTrack 401(k) to guide plan sponsors through plan design, fee structure, and investment selections. O’Rear also coaches participants on best engaging with their retirement plans to achieve long-term financial goals.
SageView has locations in 21 states, and the acquisition of OnTrack 401(k) marks an expansion of its East Coast presence.
KEY QUOTES:
“More companies than ever before offer retirement plans to compete for the best talent in a tight labor market, so it’s important to deliver financial security during an employee’s working years and beyond. For decades, SageView has worked closely with plan sponsors to deliver best-in-class support and service to drive value for their participants. We know the experience and insights Doug and his team can provide will help our institutional clients grow. We are excited to welcome him to our firm.”
– Steve Gaven, SageView’s Chief Growth Officer
“SageView is renowned for its strength in retirement planning and I’m thrilled to be part of the firm. I became a financial advisor because I wanted to improve retirement outcomes. At SageView, I can leverage the firm’s resources to provide scale and efficiency to plan sponsors and access the firm’s comprehensive financial wellness program to empower plan participants.”
– Doug O’Rear
