OneDigital announced Feb. 6 it has acquired Florida Pension Group, marking OneDigital’s seventh retirement and wealth partnership announcement in the past year and creating OneDigital’s 17th office in the Florida market.
Founded in 1998 by President Troy Tummond and based in St. Johns, Fla., Florida Pension Group (FPG) offers customized corporate retirement plans, executive benefit plans, comprehensive financial planning, retirement income planning, and portfolio and asset management. Providing retirement plan services to over 100 businesses and wealth management services to over 270 households, FPG oversees more than $500 million assets under management.
Adding Florida Pension Group’s total assets under management brings OneDigital’s assets under management to approximately $108.9 billion, representing over one million participants and 41,000 individual accounts.
OneDigital said in a statement the company is proud to welcome FPG advisors Tummond, Steve Carter, John Hudson, John Pomroy and Landon Strickland, who remain fiercely committed to supporting the daily lives of their clients and their financial decisions.
“We are overjoyed to bring FPG and its exceptional group of financial advisors to OneDigital and our ever-expanding wealth management practice. Their more than 25 years of serving clients will amplify OneDigital’s mission of delivering holistic financial planning at the intersection of retirement and wealth management,” said OneDigital President, Financial Services Vincent Morris.
“OneDigital is the right partner for our firm because of its proven track record of growth and unique ability to bridge the gap between retirement and wealth management, giving our team the platform to deliver even more for our clients and help them achieve their vision. We are excited to join forces with OneDigital because they understand our culture of putting people first,” FPG’s Tummond said.
“Joining OneDigital will enhance the services of our own firm and expand our ability to help our clients, who rely on us for a holistic, personal approach to wealth management and financial planning,” added Steve Carter, Vice President and Partner of Florida Pension Group. “This is a monumental time for us, and we have the utmost confidence joining OneDigital will take us to the next level of meaningful growth and client service.”
More than 100,000 employers and millions of individuals rely on OneDigital for counsel and access to fully integrated worksite products and services and the retirement and wealth management services provided through OneDigital Investment Advisors. Founded in 2000 and headquartered in Atlanta, OneDigital maintains offices in most major markets across the nation.
SEE ALSO:
• 5 Months, 5 Deals: OneDigital Acquires Another RIA
• OneDigital Brings in Retirement Services Director
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.
