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.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
New name draws on founder's family history as consolidation reshapes the broker-dealer landscape.
Deal brings tech-focused planning expertise, expanded Pacific Northwest presence to national RIA platform.
Five low-cost index ETFs to anchor Trump Accounts as advisors weigh options against 529 and UTMA plans for clients
A bipartisan proposal aimed at aligning advisor compensation rules with modern business structures is headed to the full House.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
