Following a significant investment from a private equity firm in 2020, SageView Advisory Group, a California-based registered investment advisor (RIA), faced challenges managing its newly complex equity structure. The firm, founded in 1989, had been relying on a patchwork of local network folders, QuickBooks, and Excel for storing data and handling accounting processes.
Brian Profancik, Senior Vice President of Accounting and Finance, recognized the need for a centralized solution to support SageView’s evolving structure. By transitioning cap table management to Carta, the firm gained transparency into its equity holdings and improved collaboration across shareholders, internal finance teams, and legal partners.
The results? More efficient collaboration, smoother tax and audit workflows, and more time for Profancik to focus on strategic leadership.
Brian ProfancikCarta removes uncertainty and facilitates clearer communication. We had been working in silos, and Carta helped us eliminate that.
Senior Vice President of Accounting and Finance, SageView Advisory Group
Siloed accounting tools created daily inefficiencies for Profancik. He lacked confidence in the accuracy of SageView’s equity data and spent excessive time tracking agreements, updating spreadsheets, and distributing information manually. Simple tasks, like retrieving basic equity information, were time-consuming.
“As part of the acquisition, the founder granted equity to many of SageView’s key stakeholders. I had to track common shares and incentive units for multiple partners, so I really needed an efficient solution,” Profancik says. “Using network folders just wasn’t scalable. Collaboration with executive leadership, legal, and finance was difficult, especially with multiple team members managing different aspects of the equity.”
By adopting Carta, SageView was able to consolidate its equity management onto a single platform. A centralized cap table allows Profancik and his colleagues to access and share real-time data while ensuring regulatory compliance.
“Implementing Carta’s cap table brought everything into one place and made it easy for anyone to view our equity structure,” he says. “We assigned ownership for each step of the process—such as managing new agreements—and that structure supports seamless collaboration across teams.
“Carta gives us a single source of truth. It removes uncertainty and facilitates clearer communication. We had been working in silos, and Carta helped us eliminate that.”
Brian ProfancikThe reporting in Carta is incredibly helpful. We’re no longer scrambling to track down documents.
Following the private equity investment, SageView completed a dozen acquisitions in just four years. Each transaction added new layers of complexity to the firm’s cap table and compliance efforts.
Carta eased the burden with automated tax reporting and streamlined data sharing. The platform’s secure portal allows for controlled file delivery, customizable access, and seamless notifications. K-1 distribution, once done manually, is now quick and accurate.
“In the past, I would draft individual emails to dozens of stakeholders, attaching K-1s we received in a bulk file from our tax preparers,” says Profancik. “It was time-consuming and prone to error. Now, Carta handles it through secure links. Shareholders simply log in and access what they need. I hardly have to think about it.”
SageView also benefits from Carta’s robust reporting capabilities during its annual audit process. The finance team can easily generate reports for auditors and quickly respond to follow-up questions directly from the platform.
“The reporting in Carta is incredibly helpful. We’re no longer scrambling to track down documents,” says Profancik.
With Carta in place, Profancik and his team have more time to focus on high-impact strategic initiatives. By eliminating redundant processes and improving visibility, SageView has strengthened its operational efficiency and positioned itself for continued growth.
