OneDigital RIA Arm Buys Wintrust’s $2.6B Retirement Unit

OneDigital Investment Advisors LLC, an Overland Park, KS-based RIA and subsidiary of insurance brokerage and financial services firm OneDigital, has acquired the Retirement Benefits Advisors unit of Wintrust Investments, LLC, itself a subsidiary of Wintrust Financial Corporation.

The transaction brings advisory accounts with approximately $2.6 billion in retirement plan assets representing over 40,000 participants and 200 clients to OneDigital.

In addition to the acquisition, OneDigital indicated it has struck an ongoing referral partnership with Wintrust.

The Chicago-based Wintrust Retirement Benefits Advisors team is led by Dan Peluse, who will join OneDigital’s existing 35 teams, including group health insurance and property & casualty specialists, spread across their north central market.

“The decision to align our strengths underscores a shared commitment to providing holistic, customized retirement planning and solutions that elevate client outcomes,” said Vincent Morris, president retirement + wealth, OneDigital.

This is the second multi-billion deal this year for OneDigital. Earlier this month, the firm acquired WealthSource Partners, a $2 billion San Luis Obispo, CA-based wealth manager.