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.
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.
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“It was a third party scam,” said the attorney representing the claimants.
Meanwhile, &Partners draws another Commonwealth practice, and Wealthcare welcomes a $550 million planning practice in the Northeast.
Palo Alto AI platform recruits RIA and fintech leaders as industry data show AI adoption reshaping advisor staffing.
Meanwhile, Raymond James, Wedbush, and LPL recruited veteran advisors from across Texas, North Carolina, and California.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
