OneDigital Investment Advisors, the registered investment advisory arm of insurance broker and financial services firm OneDigital, said Tuesday it has acquired a $1 billion New Jersey wealth management firm, KB Financial Partners and KB Financial Advisory Partners.
KB Financial, which offers family office and corporate finance advisory services in addition to wealth management, was started in 1983. It has 28 employees and offices in Princeton, New Jersey, Jackson Hole, Wyoming, and Miami.
“KB’s leadership and experienced team have specialties that complement our wealth management capabilities and round out our vision by offering family office, business succession planning, and corporate advisory services,” Vince Morris, president of OneDigital Retirement + Wealth, said in a statement.
The acquisition of KB Financial is OneDigital’s sixth transaction this year and brings the company’s assets under management to about $107.8 billion.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
