Hub International is on something of a tear. The second such announcement in as many days finds that Hub, the benefit and insurance brokerage giant, has acquired the assets of StoneStreet Pearl River.
Terms of the transaction were not disclosed.
The company announced Monday that it has also acquired the assets of Washington Financial Group (WFG). WFG and StoneStreet are both affiliated with aggregation firm GRPAA.
Based in Pearl River, New York, and led by Barbara Delaney, StoneStreet is an independent and nationally recognized firm providing retirement plan consulting services to defined benefit, defined contribution and non-qualified plans.
Delaney has been recognized as a 401(k) Specialist Top Advisor By Participant Outcomes, in addition to receiving many other awards and recognition.
“Hub continues to strengthen its retirement planning services and benefits with the addition of talent and resources to develop more comprehensive solutions for retirement planning and wealth management,” according to the company. “The addition of this team will enhance our plan sponsor experience and bring financial wellness to a new level.”
“We’re excited for Barbara and the team to join Hub,” David Reich, National President, Hub Retirement and Private Wealth, said in a statement. “Barbara is simply one of the best advisors in our space, and she and her team will help us continue our momentum in developing our retirement practice, and our partnership with the other parts of the Hub organization.”
“We felt that Hub was the right choice to help us continue to grow,” Delaney added. “We chose Hub because they are focused on where plan sponsors are going from a total employee benefits approach. The convergence of health and wealth is here, and Hub is in the best position to fulfill this vision for our plan sponsors.”
Delaney will work with Reich and collaborate heavily with Paul Collins, President and CEO of Hub Northeast, “to continue to provide the best in class for her clients and their participants.”
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.
