OneDigital Investment Advisors, the registered investment advisor and a wholly owned subsidiary of OneDigital, has added Westminster Consulting, LLC—and approximately $6 billion in AUM.
According to a press release, the addition of Westminster Consulting will support OneDigital’s broader Retirement and Wealth division with streamlining fiduciary and investment consulting to defined contribution and defined benefit plans.
Upon joining OneDigital, Westminster Consulting will operate under the registered investment advisory of OneDigital Investment Advisors—adding over 71 retirement plans, representing $6 billion in plan assets. Thomas Zamiara and Sean Patton, overseeing Westminster Consulting, will join OneDigital each as Senior Vice President of Retirement Services. The entire Westminster team will join OneDigital serving in adjacent roles from the home office in Rochester, NY and locations in Syracuse, NY, Princeton, NJ, and Great River, NY.
“We are excited to welcome the Westminster Consulting team to the OneDigital family. Sean Patton and Thomas Zamiara have built an elite advisory firm with a vision for helping employers,” said Vince Morris, President, OneDigital Retirement + Wealth. “Their approach is in perfect alignment with OneDigital’s holistic workforce strategy, and together we will be a champion for businesses of all sizes.”
Thomas Zamiara, a partner at Westminster Consulting, said, “From the beginning, OneDigital recognized and acknowledged Westminster’s strong reputation for going beyond traditional investment consulting to help our clients meet their plan and financial goals. This complimentary alignment broadens the depth of solutions and further strengthens our ability to deliver the highest quality of service to our clients.”
M&A consulting firm Wise Rhino Group represented Westminster Consulting in the transaction. “Westminster Consulting has been an innovator in the retirement world for many years, noted Peter Campagna, Partner at Wise Rhino Group, which represented Westminster Consulting in the transaction. “Developing a fiduciary services platform, creatively engaging participants and serving the needs of complex DC/DB, foundation and high net-worth clients, Tom and Sean have built a special practice. One Digital is the perfect innovation partner for this dynamic firm and I’m anxious to see all of the great things they will do together in the years to come.”
With Westminster Consulting's joining, OneDigital’s comprehensive advisory services and market-leading solutions are offered in more than 100 offices and over 50 retirement wealth offices across the United States, serving around 85,000 clients, 5,000 retirement plans, and approximately 900,000 participants. Headquartered in Atlanta, OneDigital's more than 100 offices and 2,400+ business strategists serve the needs of over 85,000 employers across the nation.