Hub International’s buying spree continues unabated.
The insurance brokerage giant announced Wednesday that it has acquired the brokerage services and investment advisory book of business from William Peragine III, AIF and John Biondo CRPS, previously dba together as The JW Retirement Group. Terms of the transaction were not disclosed.
Based on Long Island, New York, Peragine and Biondo provide services to corporate retirement plans and wealth management clients using their customized and client-centric approach.
“Both Bill and John’s depth of knowledge and the loyalty they have been able to foster with their clients will make them great additions to the Hub family,” David Reich, National President, Hub Retirement and Private Wealth, said in a statement.
Peragine and Biondo will join Hub Northeast, working with Reich and collaborating heavily with Paul Collins, President and CEO of Hub Northeast.
“We’re extremely excited to join the team. Hub’s dedicated commitment to employee benefits fits well with our mission,” Peragine said. “The Hub team has already started to embrace and work with us.”
“We see this as a tremendous opportunity to expand our business and drive growth, bringing the experience and knowledge we have gained over the past 27 years to more American workers planning for their retirement,” Biondo added.
Part of a plan
The move “continues to strengthen Hub’s retirement and investment planning services with the addition of talent and resources to develop more comprehensive solutions for clients,” according to the company. “Hub’s team of retirement plan advisors provides unbiased guidance and support focused on fiduciary risk management, plan optimization and helping more American workers better prepare for retirement.”
Hub International has recently acquired a number of high-profile retirement plan advisory firms, including Joe DeNoyior’s Washington Financial Group and Barbara Delaney’s StoneStreet Pearl River.
Hub Retirement and Private Wealth offers institutional and retirement services to for-profit and not-for-profit organizations and customized private wealth management services to individuals and families.