HUB International’s assimilation of seemingly every available 401k advisory firm not bought by CAPTRUST or OneDigital continued with Monday’s announcement that CSi Advisory Services joined its fold.
Headquartered in Indianapolis, Indiana, CSi Advisory Services is a retirement plan consulting firm “focusing on participant outcomes, investment outcomes, and financial coaching and wealth management,” according to the company.
CSi Advisory Services has $1.1 billion in assets under management. April 2019 Top Advisor by Participant Outcomes (TAPO) Kristi Baker, the firm’s Managing Partner, Kelli Davis, Vice President of Retirement Plan Consulting, and the CSi Advisory Services team will join Hub Midwest East.
“Kristi, Kelli, and the CSi team bring a shared vision of helping clients fulfill their dream of a successful retirement. We are proud to welcome them to Hub,” Joe DeNoyior, President of Hub Retirement and Private Wealth, said in a statement.
CSi Advisory Services was represented by the consulting firm Wise Rhino Group for the transaction. Wise Rhino Group is an M&A advisory practice serving Retirement, Wealth, and TPA Advisory firms.
“When we started consulting work with the firm in 2019, we couldn’t help but be impressed with what was already a successful, multi-generational business spanning nearly 50 years of service,” Wise Rhino Group Managing Partner Peter Campagna explained. “The past few years though, they built their business into a powerhouse through integrated TPA, Retirement Plan Services, and Wealth management businesses. HUB has found a gem with Kristi, Kelli, and their talented team, who are poised to grow exponentially in the near future.”
Based in Indianapolis, Indiana, CSi was founded in 1971 as Compensation Systems, Inc. by Tom Garrison. CSi specializes in corporate retirement advisory, wealth management, and third-party administration while receiving numerous accolades for its focus on engaging participants within the retirement plans.
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