One Digital Investment Advisors, a subsidiary of OneDigital, an insurance brokerage and HR consulting firm, announced that it acquired JFL Total Wealth Management, a Boonton, New Jersey-based wealth management and retirement plan services firm with $300 million in AUM.
JFL’s president, Jerry Lynch, will join One Digital, as will the firm’s five team members.
"Over the last 25 years, JFL has prided itself on delivering customized financial planning and retirement management services and developing personal relationships with our clients and their families,” Lynch said in a statement. “OneDigital shares the same outlook with their clients and employees. We're very excited to join forces and continue to deliver on our mutual mission to everyone we serve.”
The deal for JFL Total Wealth Management is OneDigital’s seventh purchase of a wealth management firm this year and follows its September purchase of KB Financial Partners and KB Financial Advisors, which are also based in New Jersey.
The transaction boosts One Digital Investment Advisors’ total assets under management to approximately $108.1 billion.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
