OneDigital Investment Advisors has acquired three offices of Vertical Financial Group, a partnership of independent financial advisors specializing in retirement plan design and investment advisory services for companies and wealth management for individuals.
The advisors located in St. Louis, MO; Overland Park, KS; and Chicago, IL will help advance OneDigital’s vision to converge health, wealth and retirement services, and elevate plans for financial success, according to the announcement.
“Having Vertical Financial Group join OneDigital is an exceptional opportunity for our retirement and wealth division,” states Vince Morris, OneDigital’s Retirement and Wealth President. “Together, we will deliver a comprehensive portfolio of services and solutions that will greatly benefit our clients and the communities we serve.”
Vertical Financial Group’s partnering financial advisors, Laura T. Scobee, Brad Harris, J.D., and Thomas H. Parker, will maintain their respective office locations and assume the title of Senior Vice President. Brett M. Dankowski, current advisor and Director of Client Services, will join the firm under the new role of Retirement Plan Consultant, managing client relations for qualified retirement and 401(k) plans.
Upon closing, Vertical Financial Group will operate under the registered investment advisory of OneDigital Investment Advisors, adding more than 80 retirement plans representing $1 billion in plan assets, as well as providing wealth management to over 400 households representing over $160 million in assets.
This announcement comes only a few weeks after Truist Financial Corporation announced that it has sold its institutional 401(k) investment advisory services business to OneDigital.
