HUB International Limited (Hub) continued its acquisition spree with the announcement last week that it has acquired the assets of Aegis Retirement Group, LLC (Aegis Retirement Group). The terms of the transaction were not disclosed.
Located in Memphis, Tennessee, Aegis Retirement Group provides retirement plan consulting, compliance and regulatory guidance, as well as wealth management services.
Walter Grant, Founder and President of Aegis Retirement Group, will join Hub Retirement and Private Wealth in Hub Mid-South.
“This move continues to strengthen Hub’s retirement and wealth management services (Hub RPW) with the addition of talent and resources to develop more comprehensive strategies for clients,” Hub said in a statement. “Hub RPW works to help plan sponsors create an offering that aligns with their business strategy, navigates fiduciary risk and helps employees pursue their financial goals. The several registered investment advisory affiliates in HUB RPW provide investment advisory services to clients whose total assets are approximately $105 billion.”
Red Hot Market
The move follows a similar announcement in early June that Hub had acquired Epstein Financial Services LLC. and Epstein Financial Group LLC. (Epstein Financial). The terms of that transaction were also not disclosed.
Located in East Longmeadow, Massachusetts, Epstein Financial is an independent Registered Investment Advisor (RIA) providing corporate retirement plan consulting, compliance and regulatory guidance, as well as wealth management services.
“Their significant experience and resources help clients maintain a successful retirement program that will assist their employees to achieve financial security,” according to the announcement.
Charlie Epstein, Principal and Founder of Epstein Financial joined Hub Retirement and Private Wealth in Hub New England.
It’s all part of a red-hot retirement plan practice M&A market. Also in June, OneDigital announced it had acquired the assets of Fiduciary Plan Advisors (FPA), the Maryland-based retirement plan firm founded by former NAPA president and 2020 Top Advisor By Participant Outcomes (TAPO) Jania Stout
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
