Overview
OneDigital is registered as an investment adviser with the United States Securities and
Exchange Commission (CRD # 106766). OneDigital was organized as a corporation under the
laws of the State of Missouri in 1987 and was converted to a limited liability company in 2018.
Pursuant to a Unit Purchase Agreement dated January 21, 2020, OneDigital is now a wholly
owned subsidiary of Digital Insurance LLC. The firm changed its legal name in 2023 from
“Resources Investment Advisors, LLC” to “OneDigital Investment Advisors LLC” to reflect its
integration with its parent company.
OneDigital provides investment advisory, investment management, financial planning, and
family office services to individual and institutional clients. (OneDigital also provides
investment advisory and management services to retirement plan clients, and those services
are outlined in a separate brochure specifically tailored to the Retirement Plan Division.)
Although some clients use OneDigital solely for investment advice, most clients rely upon the
firm to actively manage their accounts for them. When OneDigital manages clients’ accounts
on a discretionary basis, it has the authority to make trades within those accounts without
clients’ prior consent. However, the firm’s investment management services are tailored to
the individual needs of each client. That process usually begins by conducting an initial
meeting with clients to determine their personal goals regarding each account and conducting
a risk assessment profile to determine how much investment risk the clients are willing to
incur. Based upon those considerations, clients’ accounts are allocated into an appropriate
investment strategy.
Clients can impose specific restrictions on investing in certain securities or types of securities
in their investment management agreement and are reminded to notify the firm of any new
restrictions on a quarterly basis. In addition, OneDigital’s investment adviser representatives
typically attempt to hold investment review sessions
with clients to discuss any adjustments
clients desire to make to the investments in their accounts.
In 2018, OneDigital partnered with Charles Schwab & Co, Inc. (“Schwab”) to offer a “robo”
advisory platform. The purpose of this platform was to provide clients – especially those with
smaller account balances – a cost efficient method of obtaining professional management of
their investments. The platform provides for online enrollment but does not include annual
face-to-face meetings with one of OneDigital’s investment adviser representatives. Instead,
OneDigital creates and manages the allocation models offered to participants in the robo
advisory platform. In addition, OneDigital asks enrollees in the platform if they want to impose
specific restrictions on investing in certain securities or types of securities and are reminded
to notify the firm of any new restrictions on a quarterly basis. However, because the robo
advisory platform is managed entirely through investment allocation models, participants
who request such restrictions are required to transfer their account to OneDigital’s traditional
investment management platform, which will allow for that type of customization but could
result in higher advisory fees.
Some of OneDigital’s investment adviser representatives utilize turnkey asset management
programs (“TAMPs”) to allocate either all or certain segments of their clients’ investments. In
most cases in which a TAMP is used, OneDigital has discretion to determine which TAMP
and/or which strategy will be used to manage the client’s investment, including discretion to
change those selections at any time. As a result, these client accounts are included in
OneDigital’s calculation of its regulatory assets under management (“RAUM”).
As of December 31, 2023, OneDigital managed approximately $107,102,318,821 in assets, of
which approximately $35,028,099,577 was managed on a discretionary basis and
approximately $72,074,219,244 was managed on a non-discretionary basis.