OneDigital expands into Canada with acquisition of PWL Capital

OneDigital, an Atlanta-based insurance broking, financial services, and HR consulting firm, has expanded into Canada with the acquisition of PWL Capital, a Montreal-based independent wealth management firm.
Founded in 1996, PWL has a team of 70+ people, including over 25 investment advisors registered with the Canadian Investment Regulatory Organization. The firm provides wealth management and financial planning services to more than 2,300 client families across Canada.
PWL has offices in Montreal, Ottawa, and Toronto, and manages approximately $5.5 billion in client assets.
As part of the transaction, PWL will transition to the OneDigital brand while continuing to operate as an independent subsidiary.
“This is a consequential investment for OneDigital as we make our first move into the Canadian market, partnering with a group that has a shared commitment to delivering investment and financial planning solutions centered around our client's needs," said Mike Sullivan, co-founder and chief growth officer at OneDigital. "PWL brings an exceptional team with deep expertise in wealth management, making them the perfect partner as we expand our footprint internationally.”
PWL represents OneDigital’s first international expansion. The Atlanta firm, which was founded in 2000, plans to invest in additional Canadian companies across employee benefits, property and casualty insurance, and workplace consulting solutions.
OneDigital has more than 3,200 employees listed on LinkedIn and 200 offices across the US. The firm supports more than 100,000 employers and has US$108 billion in assets under management.
OneDigital provides employee benefits consulting, property and casualty insurance broking, and HR consulting services, as well as retirement and wealth management services through its subsidiary OneDigital Investment Advisors.