Wintrust, OneDigital join forces to enhance retirement plan services in Chicago

OneDigital Investment Advisors LLC, a subsidiary of OneDigital and an SEC-registered investment adviser, has announced a pivotal strategic relationship with Wintrust Investments, LLC, a subsidiary of Wintrust Financial Corporation (Nasdaq: WTFC). This partnership is set to redefine the landscape of retirement benefits advising in Chicago, through the acquisition of Wintrust’s Retirement Benefits Advisors division. This move not only signifies a significant expansion for OneDigital but also strengthens its position in the financial services and HR consulting domain.

In an era where strategic collaborations shape the future of industries, the alliance between OneDigital and Wintrust Investments stands out as a significant milestone. The partnership heralds a new phase of growth and enhanced capabilities for over 200 clients who sponsor workplace retirement savings plans. Under the leadership of Dan Peluse, the Wintrust Retirement Benefits Advisors team will integrate into OneDigital’s extensive network, joining 35 existing teams across the north central market. This merger brings together a wealth of resources and expertise, promising to meet the evolving needs of employers with unparalleled efficiency and innovation.

OneDigital Investment Advisors Secures Strategic Partnership with Wintrust Investments to Expand Retirement Advisory Services

Vincent Morris, President of Retirement + Wealth at OneDigital, expressed his enthusiasm for the union, highlighting the shared commitment to delivering holistic, tailored retirement planning solutions. The synergy between OneDigital’s robust Chicago presence and Wintrust’s reputable legacy, augmented by Peluse’s leadership, sets a promising trajectory for their influence in the region.

Tom Zidar, Chairman and CEO of Wintrust Wealth Management, echoed the sentiment, pointing out the enhanced value this partnership brings to clients through improved purchasing power and an expanded range of services beyond fiduciary plan consulting. The transaction notably adds advisory accounts with approximately $2.6 billion in retirement plan assets, representing over 40,000 participants and 200 clients, to OneDigital’s portfolio.

This strategic collaboration between OneDigital and Wintrust Investments is a testament to the dynamic nature of the financial services industry, where innovative partnerships are key to addressing the complex demands of retirement planning and advisory services. As this partnership unfolds, it promises not only to elevate client outcomes but also to redefine the standards of service and efficiency in the retirement benefits advisory space.