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Ten years out of law school and after just six years at SageView Advisory Group LLC, Jonathan St. Clair is now chief fiduciary officer at the $88.5-billion-AUM firm.

St. Clair, who received his J.D. from Georgia State University College of Law in 2008, joined SageView's Atlanta office in 2012 as a retirement plan consultant with its Southeast team, where he helped sponsors of 401(k), 403(b) and various other qualified and nonqualified retirement plans, address fiduciary risks. 

Now, St. Clair is charged with standardizing and maintaining best fiduciary practices among the Irvine, Calif.-based firm's 130 employees located in 23 offices nationwide.

“Jonathan has a deep understanding of our fiduciary responsibilities," says Randy Long, founder and CEO of SageView, in a statement. "His breadth of legal knowledge coupled with his experience in retirement plan consulting has made him an invaluable asset to both SageView and his clients over the past six years." See: 10 most influential individuals in the 401(k) industry affecting RIAs in 2012, Part 1.

SageView is under the umbrella of El Segundo, Calif.-based Cetera Advisor Networks LLC. See: LPL Financial wages 'war' on Cetera, Securities America and Kestra after they pounced on NPH advisors in wake of sale.

The appointment comes in the wake of last year's partial implementation of the DOL fiduciary rule, although Long is on record as saying that SageView's fiduciary track record made that happening a "non-event" at his firm. See: Why exactly DOL's latest action is so shocking to so many brokers -- and even ERISA lawyers -- despite years of warnings.

St. Clair will continue to work with retirement plan clients in his new role. He is a member of SageView's internal investment committee and 3(38) subcommittee, as well as a frequent contributor to industry publications. St. Clair is a licensed attorney in both Tennessee and Georgia and holds multiple securities registrations.



Stephen Winks

Stephen Winks

October 7, 2009 — 5:35 PM

Is this the end of Wirehouse Recruiting bonuses that require major Wall Street firms to compete on the basis of who provides the biggest bonuses for advisors to bring their assets to another firm?

McWhinney doesn’t want any part of this.

Rather, than throwing money around like wirehouses and trying to manage outsized egos, McWhinney is saying why not use the industry’s most accomplished RIAs and compete on the basis of the depth and breadth of the counsel provided. These RIAs are at least as productive as top brokers and do not cost a penny. She avoids the risk of loosing RIAs to the top bidder as RIAs are more committed as they already own their own business, and offer a level of service not possible in brokerage formate.

McWhinney gets an A-Plus for visionary leadership. This is cheaper, easy to manage and more effective for the consumer. Why get caught up in the unecessary hassels?

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http://soun.dk/cML

May 22, 2014 — 10:31 AM

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Donald Campbell

Donald Campbell

October 4, 2016 — 9:50 PM
I can see paying for advise but with so many Bernie Madolf out there to give up control of your money is like giving a power of attorney to a random bum on the street. BoA has brought investment to the little guy and as always his responsibilty to ensure his own future

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