OneDigital Investment Advisors has acquired KB Financial Partners, LLC and KB Financial Advisory Partners, (KB)—adding $1 billion in assets under management and expanding its presence across the Northeast.
This acquisition of the New Jersey-based wealth management, family office, and corporate finance advisory firm marks OneDigital’s sixth strategic wealth management transaction in 2022.
With roots dating back to 1983, the 28-person KB team is comprised of licensed financial advisors and individuals practicing financial services, tax and estate planning, insurance solutions, wealth management, business succession planning, and corporate advisory services, offering a variety of family office services to a diverse client base through offices in Princeton, NJ, Jackson Hole, WY and Miami, FL.
According to a press release, the addition of KB increases OneDigital Investment Advisors’ total assets under management to approximately $107.8 billion, representing over one million participants and 41,000 individual accounts.
Park Sutton Advisors served as the sole financial advisor to KB Financial throughout the transaction.
