OneDigital Acquires Westminster

April 28, 2021

On April 22, 2021, OneDigital Investment Advisors announced it acquired had Westminster Consulting, LLC.

Under the terms of the transaction, OneDigital Investment Advisors (“OneDigital Investment”), the registered investment advisor and a wholly-owned subsidiary of OneDigital Health and Benefits, Inc (“OneDigital”), acquired Westminster Consulting, LLC (“Westminster”). Upon joining OneDigital, Westminster will operate under OneDigital Investment, adding 71 retirement plans, representing $6 billion in plan assets to OneDigital. Thomas Zamiara and Sean Patton will join OneDigital as Vice Presidents of Retirement Services. The remainder of the Westminster team will join OneDigital under their current roles. Further terms of the deal were not disclosed.

OneDigital, based in Atlanta, Georgia, is a strategic advisory firm that provides health, wealth, and human resources services to over 85,000 employers across the United States.

Westminster, based in Rochester, New York, is a registered investment adviser providing fiduciary advice, counsel, and investment analysis to Trustees, Boards of Directors, Investment Committees, and other Investment fiduciaries. Wesminster manages approximately $6 billion in assets.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions