News, Mergers & Acquisitions
OneDigital Acquires Novem Benefits
OneDigital Acquires Novem Benefits
Rochester Acquisition Builds Firm’s Northeast Footprint
Atlanta, GA– January 26, 2021 - OneDigital, the nation's leading strategic advisory firm focused on delivering health, retirement/wealth, and HR solutions for employers of all sizes, has acquired the employee benefits division of Novem Group, known as Novem Benefits. The latest in a series of acquisitions, the firm becomes OneDigital’s third New York location, situated in Rochester.
Novem Benefits is an extraordinary firm, equipped with an incredible team of talented benefits professionals who are passionate about their work and clients. We are thrilled to have Novem Benefits division join OneDigital New York and look forward to a bright future of providing superior services and solutions to our clients while creating exciting opportunities for our new colleagues.
— Steve Wladis, Managing Principal, OneDigital New York
“We could not be happier to be part of the OneDigital team. We look forward to leveraging all its services and solutions to provide even greater assistance to our clients and community,” Nathaniel Garfield, Vice President of Novem Benefits. “The sheer size and strength of OneDigital's relationships with national carriers and the support of its client services team allow us to give more attention to the more pressing issues our clients face every day. We also heard OneDigital was big on culture, which was an important part of our decision in this partnership.”
Founded in 1994 by CEO and President Robert Bartolotta, Novem Benefits specializes in providing clients with comprehensive employee benefits solutions, ranging from the initial analysis of existing benefits and employer finance strategies to plan implementation and compliance audits. For over 26 years, the firm has built a prominent standing, servicing over 500 clients across the Northeast region.
As part of the acquisition, the firm will operate under the OneDigital brand, offering Novem Benefits’ current and prospective clients continued access to benefits expertise and HR consulting while adding enhanced technology solutions and increased compliance and actuarial analysis. Nat Garfield will join OneDigital’s Northeast leadership team as Principal, Senior Client Executive. Robert Bartolotta will work as an Independent contractor with OneDigital as he continues to serve as President and CEO of Novem Group, an independent registered investment advisor that he founded in 1994.
OneDigital continues to expand its employee benefits division, offering comprehensive advisory services and market-leading solutions in over 100 offices throughout the country and serving close to 60,000 clients. The firm’s niche for strategic partnerships is backed by its significant growth and successful expansion into new service verticals, fueling their investments in technology solutions and other resources that deliver efficiencies for broker partners and their customers. OneDigital is seeking additional firms to join over the next 12-24 months.
OneDigital is a 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, retirement and wealth management, employee wellbeing and pharmacy consulting. Headquartered in Atlanta, OneDigital's more than 100 offices and 2,000 business strategists serve the needs of over 50,000 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.
About Novem Group
Since 1994, Individuals and businesses alike have trusted Novem Benefits and Novem Group to provide sound investment, financial and corporate benefits advice. As an independent firm, Novem Group can objectively review each unique situation when crafting a solution to achieve a client’s goals, with the flexibility and expertise to design comprehensive solutions for a variety of circumstances. Novem Group is equipped with the foresight to consistently invest in people, technology, and processes to ensure its position as a leader in the investment and group retirement plan services industry.
Novem Group has been recognized as one of Rochester’s Top Workplaces six years running (2015-2020), and four years in a row was recognized as one of Rochester’s Top 100 companies.