OneDigital Expands Wealth Management Offerings in Northeast – National Association of Plan Advisors

OneDigital Investment Advisors continues to build its wealth management capabilities, announcing Feb 24 that it has acquired Manasquan, NJ-based East Main Street Advisors, LLC.

East Main Street is the fourth wealth management firm to join OneDigital in 2022. Along with the acquisitions of Gouldin & McCarthy, HM Capital Management, and Generations Wealth Planning, OneDigital Investment Advisors has added about $6.5 billion in assets between its individual and retirement plan business in 2022, according to the announcement. 

“The partnership with East Main expands our capabilities in the northeast and emphasizes our commitment to ensuring that people of all ages and income levels have access to the financial advice that they need to navigate a maze of financial trade-offs and leave a lasting legacy for future generations,” David Hinderstein, Regional Senior Vice President of Retirement + Wealth at OneDigital, said in a statement.

“Joining forces with OneDigital, we now have the resources needed to create highly-personalized strategies to build, manage and preserve the wealth of our clients,” added Tom McEvoy, Managing Partner at East Main Street Advisors.

OneDigital Investment Advisors currently has more than $100 billion in AUA and consults on over 5,000 retirement plans with over 1 million participants and 15,000 individual accounts. 

The Wise Rhino Group represented East Main in the transaction. The terms of the deal were not disclosed.