Atlanta-based OneDigital Investment Advisors announced its fifth acquisition in as many months today, revealing a deal for TimeScale Financial, a Danvers, Mass.-based registered investment advisor that currently manages approximately $3 billion in assets across wealth management and retirement plan advising.
For over 25 years, TimeScale Financial has offered a high level of collaboration, transparency, technical proficiency, and service. Its empowered approach benefits 95 institutional and 950 individual clients to reach financial independence by focusing on what matters to the client.
“The TimeScale Financial team is regarded for redefining the standard of fiduciary excellence and helping clients measure what matters to them, not just investment performance,” said Vince Morris, President of OneDigital’s Retirement and Wealth division. “These values are core to OneDigital’s growing Wealth division, and we are excited to integrate the TimeScale team into our New England region.”
Commenting on the partnership, James Horrocks, TimeScale’s Chief Executive Officer, said, “Our mission is to help people achieve financial independence, however they define it. As an industry-leading advisory firm that challenges the status quo and provides a client experience that is based on education, empowerment, and transparency, we were drawn to OneDigital’s likened sense of purpose and incredibly similar culture. By partnering with OneDigital, we are excited to help even more people achieve and enjoy their unique definition of financial independence.”
TimeScale’s full 19-employee team will join OneDigital led by James Horrocks, Senior Vice President – Retirement + Wealth; Kate Asack, Vice President Operations; and Neil Tremblay, Vice President – Retirement.
Following the completion of the TimeScale Financial acquisition, OneDigital Investment Advisors, an SEC-registered investment adviser and wholly-owned subsidiary of OneDigital (“OneDigital”), a leading insurance brokerage, financial services and HR consulting firm, will be responsible for advising approximately $106.7 billion in total assets under advisement, representing over one million participants and 41,000 individual accounts.
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.
Most recently, OneDigital acquired Kennedy, Michener Benefits, LLC in May.
SEE ALSO:
• Advisor Managed Accounts Get Another Boost with OneAmerica, OneDigital, Morningstar deal
• OneDigital Acquires Jania Stout’s Fiduciary Plan Advisors
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
