OneDigital and Wintrust Investments, LLC Form Strategic Relationship for Retirement Plan Servicing Business

Brings Over $2.6 Billion in Advisory Assets to the OneDigital Platform of Over $100 Billion

OVERLAND PARK, Kan. and CHICAGO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- 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.