OneDigital acquires benefits consultant and adviser

OneDigital Investment Advisors, the Atlanta-based subsidiary of insurance broker OneDigital, has acquired the assets of Fulcrum Partners, a social benefits advisory firm based in Ponte Vedra Beach, Florida.

The transaction will allow OneDigital to expand into the market for unqualified deferred compensation plans, the company said in the announcement.

Under the agreement, OneDigital Investment Advisors will assume responsibility for advising additional, unqualified plan assets of approximately $ 7 billion.

Twelve Fulcrum consultants have joined OneDigital.

Earlier this month, OneDigital acquired Vertical Financial Group, which specializes in retirement plans with $ 1 billion in plan assets, and the investment advisory relationships of the 401 (k) unit of Truist Financial Corp.

Last year, the company acquired Resources Investment Advisors, an RIA and advisory support firm with $ 45 billion in assets under management.

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April 19, 2021