OneDigital continues buying spree with Future Benefits acquisition
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OneDigital Investment Advisors acquired Future Benefits, a retirement plan consulting and wealth management services firm, OneDigital said in a news release Tuesday.
Terms of the deal, which closed April 1, were not disclosed.
The acquisition of the Cheshire, Conn.-based firm will add 63 retirement plans with $379 million in assets to OneDigital s platform, a spokeswoman for OneDigital said.
The transaction follows a flurry of acquisitions of retirement services-related businesses made by OneDigital this year, including Westminster Consulting, a registered investment adviser that brought more than 71 retirement plans with $6 billion in assets to OneDigital s client roster. Other notable deals for OneDigital this year include the acquisition of the institutional 401(k) investment advisory business of financial services firm Truist Financial as well as the acquisition of Fulcrum Partners, an executive
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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Fulcrum Partners Announces Strategic Acquisition by OneDigital
Fulcrum Partners, LLCJanuary 28, 2021 GMT
PONTE VEDRA BEACH, Fla., Jan. 28, 2021 (GLOBE NEWSWIRE) Fulcrum Partners, one of the nation’s leading and largest executive benefits advisories, announces it has been purchased by OneDigital Investment Advisors in a strategic acquisition. OneDigital Investment Advisors, a registered investment advisor and a wholly owned subsidiary of OneDigital, is one of the nation’s leading strategic advisory firms. Focused on streamlining benefits solutions for employers of all sizes, OneDigital pursued the acquisition of Fulcrum Partners as part of its expansion into the nonqualified deferred compensation plan market.
Truist sells retirement business to OneDigital, Ascensus and Empower bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.