International insurance broker Hub announced that it has acquired Massachusetts-based IBG Financial Partners. The terms of the transaction were not disclosed.
IGB is a team of retirement plan advisors who provide fiduciary and retirement plan advisory services to plan sponsor clients. They offer advisory support in the areas of investment, planning and administration. As of December 31, IBG had approximately $ 1.6 billion in assets under management.
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IBG Director Peter Vacheron and the IBG team will join Hub Retirement and Private Wealth in New England.
The acquisition strengthens Hub’s retirement and wealth management services (Hub RPW). Hub RPW helps sponsors plan, create offers that align with their business strategy, manage fiduciary risk, and track their financial goals. Hub RPW provides services to customers with total assets of approximately $ 93 billion.