Resources Investment Advisors, an RIA that works on 2,600 retirement plans with $45 billion in assets, is being bought by OneDigital, a benefits broker.

Atlanta-based OneDigital says the deal includes three advisor teams now with Retirement Benefits Group and Fulcrum Partners and eight advisor practices: Bukaty Companies Financial Services, 401k Advisors Intermountain, Cafaro Greenleaf, Capstone Advisory Group, Chepenik Financial, SHA Retirement Group, Strategic Retirement Group and Teros Advisors.

Fidelity's 10th annual Plan Sponsor Attitudes study recently found that of the 1,200-plus retirement plan sponsors surveyed, about 93% are working with an advisor vs. 68% in 2010.

According to Resources President Vincent Morris, the Overland, Kansas-based RIA has been looking "to partner with a company that would help us expand upon the solutions we offer … and provide access to growth capital, enabling us to offer both an affiliation and acquisition option to firms looking to join our platform."

Given the convergence of health, wealth and retirement benefits, OneDigital "gave us the best path forward to continue our superior growth and provide our clients with the optimal holistic solutions," Morris said.

With the deal, "We are going to be different than the traditional benefits consulting firms that offer 401(k) plans: In adding Resources, we're building an integrated approach to well-being, integrating healthcare and retirement planning so that employers can better support individuals and families," said OneDigital co-founder and Chief Growth Officer Mike Sullivan in a statement.

"By bringing economic balance to our offering, insurance and retirement economics are not competing with each other in the future," Sullivan added.

OneDigital focuses on small and medium-sized business for its benefits and related plans.

"It's clear that taking a holistic approach to employee benefits, retirement planning and wealth management is at the forefront of our client's needs and their employees' well-being," said OneDigital President & CEO Adam Bruckman.

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Benefits broker OneDigital buys a $45B RIA

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