Advisory M&A News – 1/4/25

Indivisible Partners Launches as Independent Advisory Firm

Indivisible Partners LLC, a privately owned, independent advisory firm, announced its launch. The firm allows wealth advisers to own 100% of their practice and have equity ownership in Invisible Partners.

Advisers at Indivisible Partners will have access to client solutions, family office services and a technology platform via which advisers can curate a highly tailored experience for their clients.

Indivisible Partners has also welcomed Woodring LeRoy Capital Advisors, a New York-based practice with more than $640 million in client assets, to the company. Led by Founder Partners Lee Woodring, and Robert LeRoy, the four-person team is the first to join Indivisible Partners.

“We have seen firsthand from advisors and clients [that] the need for a new, nimble, and adaptable advisory model has never been more critical,” said John Thiel, Indivisible Partners’ founder and executive chairman, in the announcement. 

Voya Financial Completes Acquisition of OneAmerica Financial’s Retirement Plan Business

Voya Financial Inc. announced it has completed its acquisition of OneAmerica Financial Inc.’s full-service retirement plan business.

With the acquisition, Voya’s wealth solutions segment now serves approximately 60,000 retirement plans, which support nearly 8 million participants, with client defined contribution assets now growing to $670 billion.

The acquisition, announced in September 2024, continues Voya’s strategy to grow its workplace solutions group, which includes its wealth solutions segment, by adding scale to Voya’s full-service retirement business. The acquisition also provides Voya with employee stock ownership plan administration.

“Completing this acquisition is an important milestone in our commitment to growing our Workplace Solutions businesses,” Voya CEO Heather Lavallee said in a statement.

Marsh McLennan Agency Acquires Acumen Solutions Group

Marsh McLennan Agency, a business of Marsh and a provider of business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions across North America, announced the acquisition of Acumen Solutions Group LLC, a Melville, New York-based full-service insurance agency.

“We have long admired Acumen’s industry expertise and commitment to clients,” Jerry Alderman, CEO of MMA’s Northeast region, said in a statement. “As part of Marsh McLennan Agency, Acumen will be able to offer a wider range of creative solutions and capabilities to clients in the region.”

Founded in 2012, Acumen provides customized insurance programs to businesses and individuals across the country, with specialties in the construction, real estate and aviation industries. All Acumen employees, including President Tony D’Elia, will join MMA and continue to operate out of Melville, New York.

“This is an exciting next chapter for our agency as our colleagues gain access to enhanced resources and a powerful network of industry leaders that enable us to deliver even more advanced risk mitigation strategies for those we serve,” D’Elia said in a statement.