OneDigital acquires firm overseeing $1 billion in plan assets

Giant Atlanta-based insurance broker OneDigital has acquired Vertical Financial Group, a partnership of independent financial advisers specializing in retirement plans that oversees more than 80 retirement plans and $1 billion in plan assets.

Vertical, which has offices in St. Louis, Missouri, Overland Park, Kansas, and Chicago, Illinois, also manages $160 million for 400 households.

[More: OneDigital receives majority investment from PE deal]

Last year, OneDigital announced that it was acquiring Resources Investment Advisors, an RIA and adviser support firm with $45 billion in assets under management, in the insurance broker’s first foray into the retirement plan market.

And earlier this month, OneDigital acquired the investment advisory relationships of the 401(k) unit of Truist Financial Corp.

[Video: Make DEI a mandate, not a check box in financial services industry]

The post OneDigital acquires firm overseeing $1 billion in plan assets appeared first on InvestmentNews.

As our second lead editor, Cindy Hamilton covers health, fitness and other wellness topics. She is also instrumental in making sure the content on the site is clear and accurate for our readers. Cindy received a BA and an MA from NYU.

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *