OneDigital Acquires $1.8 Billion Rosenthal Wealth Team From Cetera
Updated
Updated · Wealth Management · Jul 16
OneDigital Acquires $1.8 Billion Rosenthal Wealth Team From Cetera
1 articles · Updated · Wealth Management · Jul 16
Summary
Rosenthal Wealth Management Group, a Manassas, Virginia-based RIA with $1.8 billion in assets, is joining OneDigital Investment Advisors from Cetera with its eight-advisor team.
Nearly two years of partner searching led founder Larry Rosenthal to pick OneDigital, which will keep the team and client relationships while adding wealth, retirement-plan and insurance capabilities.
More than 2,000 households nationwide—concentrated in the Mid-Atlantic—come with the deal, strengthening OneDigital’s presence across Virginia, Maryland and western Pennsylvania.
The acquisition is OneDigital’s 23rd wealth-manager deal in five years and follows a $1.73 billion San Jose team purchase in February, as RIA M&A is forecast to hit another record year.