Merger mania continues. OneDigital Investment Advisors announced has acquired Atlanta Retirement Partners (ARP).
OneDigital says it pursued the acquisition of Atlanta Retirement Partners “as part of its expansion into retirement plan consulting and wealth management.”
The deal brought together two 401(k) Specialist Top Advisors by Participant Outcomes (TAPO); David Griffin, Founder, and Owner of Atlanta Retirement Partners, is the November 2019 TAPO and Vince Morris, President of OneDigital Retirement + Wealth, is the July 2018 TAPO.
“David Griffin is a nationally recognized and talented next-generation advisor and has built a great business focused on retirement plan consulting but has also incorporated wealth into his business model,” Morris said in a statement. “At OneDigital, we believe that adding talent like David and his team is key to supporting the growth of our business but also in meeting the future needs of our clients.”
“Having the backing of a highly respected leader in the market is paramount to efficiently support our steadily growing client base,” Griffin added. “OneDigital provides deep resources and thought capital in health care, retirement, HR consulting, and wealth management, making it a one-stop-shop for current and future clients. OneDigital being headquartered in Atlanta, GA is also a tremendous opportunity given ARP’s well-established client base throughout the metro area.”
Expanding footprint
Atlanta Retirement Partners serves more than a hundred clients representing institutional retirement plans for various governmental, private, and tax-exempt organizations.
The firm works with retirement plan sponsors to create and follow a process that seeks to both fulfill fiduciary responsibility and drive positive retirement outcomes. Upon joining OneDigital, Atlanta Retirement Partners will operate under the registered investment advisory of OneDigital Investment Advisors—adding over 130 retirement plans, representing $1.3 billion in plan assets.
With the acquisition of Atlanta Retirement Partners, OneDigital’s expands to more than 100 offices and nearly 50 retirement wealth offices across the United States, serving around 60,000 clients, 5,000 retirement plans, and approximately 900,000 participants. Strategic partnerships have led to significant growth for the firm, it says, fueling its investments in technology solutions and other resources that deliver efficiencies for broker partners and the customers they serve.
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
