Further expanding its retirement and wealth presence, OneDigital Investment Advisors, OneDigital’s RIA, announced two acquisitions this week.
On May 6, the firm announced that it has acquired its second Atlanta-based office this year, Clearview Advisory. The firm offers an array of plan consultation services such as retirement plan governance, cost management, investments, participant outcome optimization and employee engagement.
“Like OneDigital, we recognize that our clients want a more seamless approach to benefits where the retirement plan works in tandem with all of the other benefits employers offer. We see this as an opportunity to align with another leader in the industry and create a better product for customers,” Gregory Fiore, Managing Partner of Clearview Advisory, said in a statement.
Members of the Clearview Advisory team will join OneDigital’s current Atlanta Retirement and Wealth location. Fiore will assume the title of Senior Vice President, Retirement Services, and will continue overseeing Clearview Advisory’s more than 100 plans with $2.3 billion in plan assets.
Earlier in the week, OneDigital announced that it has acquired Future Benefits Inc. and its $1 billion in AUM. Headquartered in Cheshire, CT, Future Benefits offers fee-based financial advice, investment management and portfolio construction, according to that announcement. Upon joining OneDigital, the firm will maintain its Cheshire operation and provide services under the registered investment advisory of OneDigital Investment Advisors—adding more than 400 wealth management and qualified plans combined.
“We have enjoyed getting to know Future Benefits for the last year and a half as they have utilized our RIA for support services. Now, we are excited to welcome them as a part of the OneDigital team,” Vince Morris, President of OneDigital Retirement + Wealth, said in a statement. “Culturally they are a great fit, and they will continue to see the benefits of our shared operation, which gives them more time to work with their customers to create growth opportunities.”
Less than two weeks ago, OneDigital announced that it was purchasing Westminster Consulting, LLC, along with its approximately $6 billion in AUM. This is at least the sixth deal announced this year. OneDigital now has more than 100 offices and 2,400-plus business strategists supporting the needs of over 85,000 employers across the country.
