OneDigital Investment Advisors has acquired the assets of Fiduciary Plan Advisors (FPA), a firm co-founded by former NAPA President Jania Stout.
As part of the FPA agreement, OneDigital Investment Advisors will assume responsibility for advising approximately $6 billion in assets held by more than 200,000 American workers. Nine employees have joined OneDigital from FPA, according to a press release.
Founded in 2014, Fiduciary Plan Advisors is led by industry mover and shaker Jania Stout, whose credentials span more than 20 years and include prestigious accolades such as the Retirement Plan Adviser of the Year in 2016, a NAPA Top Women Advisors: Captain every year since 2015, and many more. During her time serving as NAPA President from 2018-2020, Stout championed legislation before Congress recommending improvements on tax simplification in an effort to help make it easier for small businesses to offer retirement plans for Americans.
“With Jania Stout and Chad Wilson at the helm, Fiduciary Plan Advisors have become one of the fastest growing and most well-known retirement plan consulting firms in the country,” noted Vince Morris, President of OneDigital Retirement+Wealth. “I really appreciate their passion for servicing retirement plans with the mission of reducing financial stress through financial wellness. Fiduciary Plan Advisors’ outlook seamlessly aligns with OneDigital’s mission of converging health, wealth and benefits to create workplaces that help people do their best work and live their best lives and we’re excited to have them join the OneDigital family.”
“I’m extremely proud of the successes we have accomplished over the last seven years and I think a key component of that has been our people-first culture and business outlook,” said Stout. “Maintaining this outlook was important to Chad and I and factored heavily in our decision to join OneDigital as they emphasize the same outlook with their employees and clients. We’re thrilled to join OneDigital and look forward to continuing the mission of providing financial wellness to everyone we serve.”
This announcement is the most recent in a string of retirement and wealth management acquisitions by OneDigital, including Westminster Consulting, Clearview Advisory and Atlanta Retirement Partners, totaling $9.3 billion in added assets under advisement. The firm’s advisory services and solutions are now offered in more than 100 offices and an additional 59 retirement and wealth offices throughout the country, serving around 5,000 retirement plans and approximately 900,000 participants.
Park Sutton Advisors, LLC acted as exclusive financial advisor to FPA.
