News, Mergers & Acquisitions
OneDigital Acquires KZ Wealth Management
OneDigital Acquires KZ Wealth Management
Strategic Partnership Expands Portfolio of Premier Ancillary Products
ATLANTA, GA – May 11, 2021 – OneDigital Investment Advisors, the registered investment advisor and a wholly-owned subsidiary of OneDigital, a leading strategic advisory firm focused on driving business growth for employers of all sizes, has acquired KZ Wealth Management (KZ Wealth.)
For over 30 years, KZ Wealth has operated as a full-service business consulting and wealth management firm, providing business owners, key executives, and individuals with comprehensive financial strategies.
We are excited to welcome KZ Wealth Management to the OneDigital team. Dan and Victor will continue to provide key insights into the effective design and management of retirement plans for their customers. Their approach already embodies the holistic workforce strategy that we believe is critical to unleashing business growth. They understand the critical role that individual wealth planning can have on families and businesses. It is a great fit, and we could not be more excited.
— Vince Morris, President, OneDigital Retirement + Wealth
With the growing success of KZ Wealth's business model, our client portfolio and planning needs became more sophisticated, requiring a more advanced level of refinement from our investment partners, said Daniel Zlotnick, Principal of KZ Wealth Management. "OneDigital provides the expertise and bespoke customer solutions to deliver on client satisfaction."
Victor Solis, Vice President, Wealth Management for KZ Wealth, commented, "This union upholds our commitment to being independent advisors and acting as fiduciaries for our clients is in parallel with the core values at OneDigital. By adhering to these principles, our clients can feel comfortable their interests will always come first."
OneDigital Investment Advisors will acquire approximately $600 million in plan assets. This includes managing assets for 160 plans and providing administration for about 300 additional plans. As part of the agreement, OneDigital will also assume Applied Pension Services, LLC, a subsidiary of KZ Wealth, offering full-service actuarial and pension administration that delivers high-quality consulting, recordkeeping, and actuarial services.
With the addition of KZ Wealth, OneDigital's comprehensive advisory services and solutions are offered in more than 100 offices and over 50 retirement wealth offices across the United States, serving around 85,000 clients, 5,000 retirement plans, and approximately 900,000 participants.
OneDigital is the nation’s leading health, retirement/wealth, and HR advisory firm focused on empowering business growth for employers of all sizes, and has consistently led as a workplace ally for over 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 health care, 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 2,400+ 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 and is currently listed as 18th on Business Insurance's list of 100 Largest U.S. Brokers. 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 KZ Wealth Management
KZ Wealth Management, formerly Katz Zlotnick & Associates, provides business owners, key executives and high-net-worth individuals with comprehensive financial strategies to help them work towards their business objectives and personal investment goals. As a full-service business consulting and wealth management firm, the firm offers sophisticated strategies that meaningfully connect all aspects of a client's financial life. For more information, please visit www.kzwealth.com.