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June 6, 2022

OneDigital accelerates wealth push with TimeScale Financial deal

OneDigital Investment Advisors has acquired TimeScale Financial, a Massachusetts-based registered investment adviser (RIA), for an undisclosed sum.

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Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
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This deal marks OneDigital’s fifth transaction in a five-month period and further bolsters its wealth management capabilities.

The acquired entity manages approximately $3bn in assets across wealth management and retirement plan advising.

The firm brings 95 institutional and 950 individual clients to OneDigital.

Following the transaction, OneDigital will have approximately $106.7bn in total assets under advisement and one million participants and 41,000 individual accounts.

OneDigital Retirement and Wealth division president Vince Morris said: “The TimeScale Financial team is regarded for redefining the standard of fiduciary excellence and helping clients measure what matters to them, not just investment performance.

“These values are core to OneDigital’s growing Wealth division, and we are excited to integrate the TimeScale team into our New England region.”

As part of the deal, TimeScale’s team of 19 employees will move to OneDigital. They will be led by Retirement + Wealth senior vice-president James Horrocks, Operations vice-president Kate Asack, and Retirement vice president Neil Tremblay.

Commenting on the deal, Horrocks said: “As an industry-leading advisory firm that challenges the status quo and provides a client experience that is based on education, empowerment, and transparency, we were drawn to OneDigital’s likened sense of purpose and incredibly similar culture.

“By partnering with OneDigital, we are excited to help even more people achieve and enjoy their unique definition of financial independence.”

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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