OneDigital buys $1 billion New Jersey wealth management firm
KB Financial Partners and KB Financial Advisory Partners has 28 employees and three offices.
OneDigital Investment Advisors, the registered investment advisory arm of insurance broker and financial services firm OneDigital, said Tuesday it has acquired a $1 billion New Jersey wealth management firm, KB Financial Partners and KB Financial Advisory Partners.
KB Financial, which offers family office and corporate finance advisory services in addition to wealth management, was started in 1983. It has 28 employees and offices in Princeton, New Jersey, Jackson Hole, Wyoming, and Miami.
“KB’s leadership and experienced team have specialties that complement our wealth management capabilities and round out our vision by offering family office, business succession planning, and corporate advisory services,” Vince Morris, president of OneDigital Retirement + Wealth, said in a statement.
The acquisition of KB Financial is OneDigital’s sixth transaction this year and brings the company’s assets under management to about $107.8 billion.
Learn more about reprints and licensing for this article.
