News, Mergers & Acquisitions
OneDigital Acquires Fiduciary Plan Advisors
OneDigital Acquires Fiduciary Plan Advisors
ATLANTA, GA – June 3, 2021 – OneDigital Investment Advisors, an SEC-registered investment advisor and wholly-owned subsidiary of OneDigital, the nation’s leading strategic advisory firm focused on driving business growth for employers of all sizes, today announced it has acquired the assets of Fiduciary Plan Advisors (FPA).
This announcement is the most recent in a string of robust retirement and wealth management acquisitions including, Westminster Consulting, Clearview Advisory, and Atlanta Retirement Partners, totaling $9.3 billion in added assets under advisement and proving OneDigital’s accelerated growth within the financial services industry. As part of the FPA agreement, OneDigital Investment Advisors will assume responsibility for advising approximately $6 billion in assets held by over 200,000 American workers. Nine employees have joined OneDigital from FPA.
Founded in 2014, Fiduciary Plan Advisors is known for its excellence in service, team of experienced plan practitioners and full-service consulting on all employer-sponsored retirement plans. The company’s mission – to help working Americans feel less stressed and be happy – is led by industry mover and shaker, Jania Stout whose credentials span over 20 years and include prestigious accolades such as the Retirement Plan Adviser of the Year in 2016, the National Association of Plan Advisors (NAPA) Top Women Advisors: Captain every year since 2015 and many more. During her time serving as NAPA President from 2018-2020, Stout championed legislation before Congress recommending improvements on tax simplification in an effort to help make it easier for small businesses to offer retirement plans for Americans.
With Jania Stout and Chad Wilson at the helm, Fiduciary Plan Advisors have become one of the fastest growing and most well-known retirement plan consulting firms in the country. I really appreciate their passion for servicing retirement plans with the mission of reducing financial stress through financial wellness. Fiduciary Plan Advisors’ outlook seamlessly aligns with OneDigital’s mission of converging health, wealth and benefits to create workplaces that help people do their best work and live their best lives and we’re excited to have them join the OneDigital family.
— Vince Morris, President of OneDigital Retirement + Wealth
“I’m extremely proud of the successes we have accomplished over the last seven years and I think a key component of that has been our people-first culture and business outlook,” said Jania Stout. “Maintaining this outlook was important to Chad and I and factored heavily in our decision to join OneDigital as they emphasize the same outlook with their employees and clients. We’re thrilled to join OneDigital and look forward to continuing the mission of providing financial wellness to everyone we serve.”
OneDigital’s comprehensive advisory services and market-leading solutions are now offered in more than 100 offices and an additional 59 retirement and wealth offices throughout the country, serving around 5,000 retirement plans and approximately 900,000 participants. Strategic partnerships have led to significant growth for the firm, fueling its investments in technology solutions and other resources that deliver efficiencies for broker partners and the customers they serve.
With eight acquisitions completed in 2021, the addition of Fiduciary Plan Advisors’ business continues to fortify OneDigital’s expansion in the retirement and wealth space. Park Sutton Advisors, LLC acted as exclusive financial advisor to FPA.
OneDigital is the leading strategic advisory firm in the U.S. and has consistently led from the front as a workplace ally for 20 years. OneDigital’s unique ability to converge health, wealth and human resources into a hub of services and business guidance has empowered companies to create workplaces that attract and retain talent while fueling innovation and company growth. As employee healthcare, wellness and workplace benefits continue to shift, companies of all sizes have relied on OneDigital’s exceptional advisory teams for counsel and its adjacent services, including employee benefits, holistic HR services, employee wellbeing and pharmacy consulting, as well as the retirement and wealth management services provided through OneDigital Investment Advisors. Headquartered in Atlanta, OneDigital's more than 100 offices and 3,000+ business strategists serve the needs of over 85,000 employers across the nation.
OneDigital has been named to the Inc. 5000 List of America’s fastest-growing companies every year since 2007, one of only 11 companies to do so. Currently listed as 18th on Business Insurance’s list of 100 Largest U.S. Brokers, OneDigital’s deep analytic abilities and experienced advisors deliver insights that reduce business risk and improve plan design and performance. For more information, visit www.onedigital.com.
Investment advice offered through OneDigital Investment Advisors, an SEC-registered investment adviser and wholly owned subsidiary of OneDigital. Securities offered through Triad Advisors, LLC (member FINRA/SIPC). OneDigital and OneDigital Investment Advisors are separate entities from Triad Advisors, LLC.
About Fiduciary Plan Advisors
Founded in 2014, Fiduciary Plan Advisors (FPA) is one of the nation’s leading and largest retirement and wealth consultancies. Headquartered in Baltimore, Maryland, FPAs team of experienced industry professionals serve over 200,000 Americans through its diverse offerings and services. Through plan governance and compliance services, employee education and financial wellness programs, vendor management and contract negotiations, and plan design consulting, FPA fulfills the mission of to helping working Americans feel less stressed and be happy. For more information, visit www.fiduciaryplanadvisors.com.