Resources Joins OneDigital
February 4, 2020 - We are excited to announce that Resources Investment Advisors is teaming up with OneDigital, a leading employee benefits and human resources consulting firm focused on driving business growth for employers of all sizes. We are so excited about this partnership because we now have the added strength of a national company that, for the last 20 years, has become a thriving employee benefits and human resources consulting firm focused on driving business growth for customers. Resources is a part of the next chapter in its legacy—expansion into corporate retirement plan consulting and wealth management.
Joining forces with OneDigital means together, we will be able to offer an integrated, holistic approach to benefits like never before, providing more strategic growth while delivering peace of mind that our customers’ approach to their business–and life–is future-proof.
“For the past few years, we have been looking to partner with a company that would help us expand upon the solutions we offer our customers and provide access to growth capital, enabling us to offer both an affiliation and acquisition option to firms looking to join our platform,” said Vincent Morris, president at Resources. “From our first conversation with OneDigital, it was apparent that in addition to their benefits expertise and well-established national scale, their corporate culture, growth strategy and convergence of health, wealth and retirement benefits gave us the best path forward to continue our superior growth and provide our clients with the optimal holistic solutions.”
OneDigital is now the first employee benefits and retirement-only broker in the small and medium-sized business space to integrate both types of benefits together under a single brand. The initial collection of deals, in addition to Resources as the integrated platform provider, includes the following advisor practices: Bukaty Companies Financial Services, 401k AIM, Cafaro Greenleaf, Capstone Advisory Group, Chepenik Financial, SHA Retirement Group, Strategic Retirement Group and Teros Advisors. The deal also includes three advisor teams of Retirement Benefits Group and Fulcrum Partners in Newport Beach, CA, which will be leading the non-qualified retirement planning division. Charleston, S.C.-based M&A consulting firm Wise Rhino Group advised OneDigital and Resources in the transaction.
Read the full announcement here.