Hub International Limited, a full-service global insurance broker, has acquired IBG Financial Partners LLC. Terms of the transaction were not disclosed.
Located in Foxborough, Massachusetts, IBG is a team of retirement plan consultants that provides fiduciary and retirement plan consulting services to plan sponsor clients. It provides advisory support in the areas of investment, plan design and administration, while helping clients support their employees toward a meaningful retirement. IBG manages approximately $1.6 billion in assets as of Dec 31, 2020.
IBG Principal Peter Vacheron and the IBG team will join Hub Retirement and Private Wealth (Hub RPW) in New England. This move continues to strengthen Hub’s retirement and wealth management services, according to a Hub press release.
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 $93 billion.
Source: Hub International Limited
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