OneDigital Investment Advisors, a subsidiary of OneDigital, an insurance brokerage and HR consulting firm, said Monday it has acquired Florida Pension Group, a Florida-based retirement plan consulting and wealth management firm that manages more than $500 million in assets.
Florida Pension Group, which has its headquarters in St. Johns, was founded in 1998 by its president, Troy Tummond. It provides retirement plan services to more than 100 businesses and wealth management advice to more than 270 households.
In addition to Tummond, the team includes advisors Steve Carter, John Hudson, John Pomroy and Landon Strickland and staffer Jill Markey.
The acquisition gives OneDigital its 17th office in Florida and brings its assets to $108.9 billion.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
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
