OneDigital Investment Advisors has made its second wealth management acquisition of the new year.
According to a Jan. 27 press release, the firm has acquired the assets of HM Capital Management, LLC. Since 2006, HM Capital Management has advised families of wealth and serves as an institutional consultant to large corporate DC and DB plans.
The team brings to OneDigital roughly 100 wealth management clients and 45 institutional consulting clients representing almost $5.5 billion in assets under advisement.
“The addition of the HM Capital Management team rounds out our offerings in St. Louis, adding wealth management and retirement to our existing employee benefits, and property & casualty teams,” said Kelley Snook, Regional Senior Vice President, OneDigital Retirement + Wealth. “These teams have demonstrated a natural synergy working together, making the expansion into wealth management a natural evolution.”
HMCM is the second wealth management firm to join OneDigital this year, following the acquisition of wealth management firm Gouldin & McCarthy earlier this month, and marks the firm’s sixth acquisition so far in 2022.
