OneDigital acquires StoneStreet Equity

OneDigital acquires StoneStreet Equity
The Armonk, New York-based retirement plan consulting firm has $3.8 billion in assets under advisement.
JUN 22, 2023

One Digital Investment Advisors, a subsidiary of OneDigital, an insurance brokerage and HR consulting firm, announced Thursday that it had acquired StoneStreet Equity, a retirement plan consulting and wealth management firm in Armonk, New York, with $3.8 billion in assets under advisement.

StoneStreet was founded by Robert A. Goldstein and is currently led by principal and chief investment officer Spencer Goldstein and principal and managing director Heidi Sidley.

“Our father, Bob Goldstein, a pioneer in the retirement plan industry, taught us first and foremost to treat our clients like family,” Sidley said in a statement. “His leadership, expertise, and values have driven our clients’ success in unmeasurable ways.”

Vincent Morris, president of retirement and wealth at OneDigital, noted StoneStreet’s expertise in defined-benefit plans as well as 401(k)s.

“The StoneStreet team provides a full suite of defined-benefit plan asset management, de-risking, and pension risk transfer services to help clients manage their asset-to-liability ratio and reduce their pension liabilities over time,” Morris said in the statement. “We continue to build out a best-in-class consulting platform for our clients to access a full range of business consulting strategies.”

OneDigital serves more than 1 million plan participants.

Wise Rhino Group advised StoneStreet on the transaction.

Here's how advisors can help women stuck in the 'sandwich' generation

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

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.