Little Rock-based Legacy Capital Group, one of the privately-held largest wealth management and corporate benefits firms in Arkansas, has sold the corporate benefits practice to OneDigital Health and Benefits of Atlanta, Ga.
Terms of the deal were not disclosed. Legacy Capital Group President Matt Jones said in a news release issued Wednesday (July 26) that “rapid technological changes in the field of [human resources] management and the need for greater scale to offer the highest quality of service to our clients made the decision to sell the business to OneDigital an easy one.”
Legacy Capital was founded in 1978 as McGehee & Associates.
“We’re extremely excited about this next stage in the development of our company,” Jones said in the release. “This gives Legacy Capital the opportunity to focus exclusively on growing our wealth management practice and enhancing our concierge services to the affluent and ultra-affluent.”
Legacy Capital, according to the release, plans to “aggressively” pursue growth opportunities to further its position as a local and regional leader in the service areas of wealth management and life insurance.
Legacy Capital has offices in Little Rock, Springdale and Fort Smith.
OneDigital is the the nation’s largest company focused exclusively on employee benefits. It has more than 950 employees throughout the country, serves 35,000 companies and manages nearly $4 billion in premiums.