OneDigital announced Thursday that it has acquired the assets of Fiduciary Plan Advisors (FPA), the Maryland-based retirement plan firm founded by former NAPA president and 2020 Top Advisor By Participant Outcomes (TAPO) Jania Stout.
This announcement is the most recent in a string of purchases by OneDigital, including Westminster Consulting, Clearview Advisory, and Atlanta Retirement Partners, totaling $9.3 billion in added assets under advisement. As part of the FPA agreement, OneDigital Investment Advisors will assume responsibility for advising approximately $6 billion in assets and servicing over 200,000 Americans. Nine employees have joined OneDigital from FPA.
Industry credentials
Founded in 2014, Fiduciary Plan Advisors is led by Stout whose credentials span over 20 years.
“With Jania Stout and Chad Wilson at the helm, Fiduciary Plan Advisors have become one of the fastest-growing and most well-known retirement plan consulting firms in the country,” Vince Morris, President of OneDigital Retirement + Wealth, said in a statement. “I really appreciate their passion for servicing retirement plans with the mission of reducing financial stress through financial wellness. Fiduciary Plan Advisors’ outlook seamlessly aligns with OneDigital’s mission of converging health, wealth and benefits to create workplaces that help people do their best work and live their best lives and we’re excited to have them join the OneDigital family.”
“I’m extremely proud of the successes we have accomplished over the last seven years, and I think a key component of that has been our people-first culture and business outlook,” added Stout. “Maintaining this outlook was important to Chad and I and factored heavily in our decision to join OneDigital as they emphasize the same outlook with their employees and clients. We’re thrilled to join OneDigital and look forward to continuing the mission of providing financial wellness to everyone we serve.”
With eight acquisitions completed in 2021, the addition of Fiduciary Plan Advisors’ business “continues to fortify OneDigital’s expansion in the retirement and wealth space.”
Park Sutton Advisors, LLC acted as exclusive financial advisor to FPA.
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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.
