OneDigital buys Fulcrum Partners
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OneDigital Investment Advisors has purchased Fulcrum Partners, an executive benefits consultancy that focuses on deferred compensation and supplemental executive retirement plans.
Terms of the deal were not disclosed. The acquisition, which closed Dec. 31, marks OneDigital s entry into the non-qualified deferred compensation plan market, the firm said in a news release Thursday. OneDigital Investment Advisers is a registered investment adviser owned by employee benefits insurance broker OneDigital.
As part of the transaction, the firm will assume responsibility for advising about $7 billion in non-qualified plan assets held by both public and private companies.
Vince Morris, president of OneDigital retirement and wealth, explained the firm s rationale for expanding its services into executive compensation strategies. Our firm is focused upon helping employees of all ages and income levels financially prepare for retirem