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OneDigital, the Atlanta-based insurance, talent and financial advisory firm with $151 billion in client assets across wealth and retirement plans, has acquired two independent advisory firms with combined client assets under administration of $1.73 billion.
OneDigital Investment Advisors, the firm’s advice division based in Overland Park, Kan., announced the deal for Silicon Valley Retirement Services in San Jose, Calif. The RIA focuses on retirement services, including fiduciary and investment advisory services, plan administration and consulting, and employee education programs. It was founded in 2010 by Tim Cole and Scott Keswick, who each held a 50% stake in the firm at the time of the sale, according to its latest Form ADV.
The firm will add a client base focused on Silicon Valley and Northern California and add to OneDigital’s offering for “plan sponsors and participants across the region,” Frank Anzalone, OneDigital’s regional senior vice president, financial services West, said in a statement.
Earlier in the week, OneDigital also said it sealed a deal for Derse Morgan Financial Advisors, a former Osaic-affiliated financial planning and investment advisory firm overseeing $330 million in assets. The firm is based in Huntersville, N.C., with clients in South Carolina and in 21 other states.
Derse Morgan was founded in 2005 and is led by managing principal Tim Alessi. The firm had been with broker/dealer Woodbury Financial Services throughout its history, which was acquired by what would become Osaic in 2016.
The firm works with individuals and focuses on executives across industries, including technology, healthcare, pharmaceuticals, banking, motorsports and aviation.
The acquisitions are OneDigital’s first of 2026 in the wealth and retirement space, following six in 2025. Last year, the firm sold a majority stake to Stone Point Capital and Canada Pension Plan Investment Board in a deal that valued the firm at more than $7 billion. Stone Point and CPP acquired the stake from Onex Partners, a Canadian private equity firm, with Onex retaining a minority stake.
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The RIA is among the aggregators, such as Captrust, Creative Planning and Mariner, seeking to leverage the convergence of retirement plan advice and wealth management. Last year, OneDigital also announced the addition of private market investment options to its personalized portfolio program for 401(k) plan sponsors. The program incorporates private equity, private credit and investments from Blackstone, Apollo Global Management and Ares Management, accessed through advisor-managed portfolios overseen by OneDigital’s investment team.