OneDigital Investment Advisors has acquired WealthSource Partners, a San Luis Obispo, California-based RIA that oversees $2 billion in client assets, the firm announced Wednesday.
WealthSource Partners has 44 employees who serve the firm’s more than 2,500 client families from locations in nine states: California, Arizona, Utah, Colorado, Oklahoma, Texas, Ohio, Tennessee and Florida.
The firm began in 2009 with the merger of Vellum Financial, founded by Bryan Sullivan, and Avant-Garde Advisors, founded by Eric Patton and Jon Dubravac. Sullivan is WealthSource's CEO, while Patton is CFO and Dubravac is chief business development officers.
In a statement, the executives cited OneDigital’s “more comprehensive suite of services, including advanced financial planning tools, robust investment strategies, and a wider network of expertise.”
“We’re delighted to welcome the WealthSource team and weave their valuable expertise into our robust team of dedicated financial advisers,” Vincent Morris, president of retirement and wealth at OneDigital, said in the statement. “Together with WealthSource, we will meet the increasing challenges with our depth of knowledge and mutual desire to put our clients’ needs first.”
OneDigital Investment Advisors is a unit of OneDigital, a leading insurance brokerage, financial services and HR consulting firm with more than $100 billion in AUM.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
