OneDigital Investment Advisors, a SEC-registered investment adviser and a wholly-owned subsidiary of insurance brokerage, financial services and HR consulting firm OneDigital, has bought Huntington National Bank‘s 401(k) advisory and retirement plan servicing businses.
The transaction looks to drive additional scale to benefit Huntington’s 1,300 employers who sponsor workplace savings plans. This relationship aims to capitalize on OneDigital’s ability to deliver a platform of offreings and drive business growth for employers of all sizes. With OneDigital’s 19 offices in Ohio, Pennsylvania and Michigan, the addition of Huntington’s reitrement teams will add to OneDigital’s current teams, specifically those in Columbus, Cleveland, Detroit and Pittsburgh.
“The addition of Huntington’s retirement plan business will create an even stronger service organization at OneDigital,” says Vincent Morris, president, retirement and wealth, OneDigital. “We are excited to welcome the retirement plan employees from Huntington to the OneDigital Family and look forward to supporting the team in their continued service of our clients. We will continue to expand our capabilities for these plan sponsors, enhance our financial wellness and advice offerings and accelerate our value creation for all our stakeholders.”