OneDigital and Wintrust Investments, LLC Form Strategic Relationship for Retirement Plan Servicing Business
15 Februar 2024 - 11:30PM
OneDigital Investment Advisors LLC, an SEC-registered investment
adviser and wholly owned subsidiary of OneDigital, a leading
insurance brokerage, financial services, and HR consulting firm
(“OneDigital”), today announced it has entered into a strategic
relationship with Wintrust Investments, LLC (“Wintrust”) whereby
they will acquire Wintrust’s Retirement Benefits Advisors division
based in Chicago. Wintrust is a subsidiary of Wintrust Financial
Corporation (Nasdaq: WTFC).
Wintrust’s ongoing referral partnership with OneDigital will
drive additional scale and increased capabilities to benefit their
over 200 clients who sponsor workplace retirement savings plans.
The Wintrust Retirement Benefits Advisors team, led by Dan Peluse,
will continue to personally help their clients navigate the
ever-changing retirement plan landscape with the specialized
expertise and scale of OneDigital's national retirement plan
advisory practice. They will join forces with OneDigital’s existing
35 teams, including group health insurance and property &
casualty specialists, spread across their north central market to
bring clients a broader set of resources to meet the unique needs
of employers today.
Vincent Morris, President Retirement + Wealth, OneDigital,
noted, “We are delighted that Wintrust Retirement Benefits Advisors
has chosen to unite with OneDigital. The decision to align our
strengths underscores a shared commitment to providing holistic,
customized retirement planning and solutions that elevate client
outcomes. OneDigital's strong footprint in Chicago, coupled with
Wintrust's esteemed reputation and Dan Peluse’s proven leadership,
positions us to further extend our influence in the region. I am so
excited to have Dan and his team join the OneDigital family, and I
look forward to continuing and enhancing the strong legacy of
client service that both Wintrust and OneDigital are known
for.”
“We are excited to be partnering with OneDigital. This deal will
enable us to increase the value we can create for our clients
through better purchasing power with both plan administrators and
investment management firms and an expanded service offering beyond
fiduciary plan consulting,” said Tom Zidar, Chairman and CEO of
Wintrust Wealth Management.
The transaction brings advisory accounts with approximately $2.6
billion in retirement plan assets representing over 40,000
participants and 200 clients to OneDigital.
About OneDigitalOneDigital’s team of fierce
advocates helps businesses and individuals achieve their
aspirations of health, success and financial security. Our
insurance, financial services and HR platform provides
personalized, tech-enabled solutions for a contemporary work-life
experience. Nationally recognized for our culture of caring,
OneDigital’s teams enable employers and individuals to do their
best work and live their best lives. More than 75,000 employers and
millions of individuals rely on our teams for counsel and access to
fully integrated worksite products and services and the retirement
and wealth management advice provided through OneDigital Investment
Advisors. Founded in 2000 and headquartered in Atlanta, OneDigital
maintains offices in most major markets across the nation. To learn
more, visit onedigital.com.
Investment advice offered through OneDigital Investment Advisors
LLC, an SEC-registered investment adviser and wholly owned
subsidiary of OneDigital.
About Wintrust Financial CorporationWintrust
Financial Corporation is a financial holding company with assets of
approximately $56 billion whose common stock is traded on the
NASDAQ Global Select Market. Built on the "HAVE IT ALL" model,
Wintrust offers sophisticated technology and resources of a large
bank while focusing on providing service-based community banking to
each and every customer. Wintrust operates fifteen community bank
subsidiaries, with over 170 banking locations located in the
greater Chicago and southern Wisconsin market areas. Additionally,
Wintrust operates various non-bank business units including
business units which provide commercial and life insurance premium
financing in the United States, a premium finance company operating
in Canada, a company providing short-term accounts receivable
financing and value-added out-sourced administrative services to
the temporary staffing services industry, a business unit engaging
primarily in the origination and purchase of residential mortgages
for sale into the secondary market throughout the United States,
and companies providing wealth management services and qualified
intermediary services for tax-deferred exchanges. Visit
wintrust.com for more information.
FOR MORE INFORMATION CONTACT:David A. Dykstra,
Vice Chairman & Chief Operating Officer, Wintrust
Financial CorporationThomas P. Zidar, Chairman & Chief
Executive Officer, Wintrust Wealth Management(847)
939-9000Website address: www.wintrust.com
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