For the fourth time in as many days, Hub International Limited announced that it has acquired the assets of a retirement services firm.
The latest announcement on Thursday involves the acquisition of certain assets of WhartonHill Retirement Services, Strategic Planning Resources Inc. and Karen McCloskey, collectively doing business as WhartonHill Advisors, according to a news release.
Terms of all four transactions were not disclosed.
The Ft. Washington, Pa.-based WhartonHill Advisors is an institutional investment consulting and private wealth firm with assets under advisement in excess of $3 billion, as of June 30.
WhartonHill is led by principals Andrew DeGroat, John Wenz and McCloskey. DeGroat will join Hub Northeast, working with David Reich, national president, Hub Retirement and Private Wealth, and collaborating “heavily” with Paul Collins, president and CEO of Hub Northeast, the release said.
“As the ‘health meets wealth conversation' continues to grow in the workplace, we'll continue to expand our advisory services to offer meaningful resources to help our clients reach better outcomes,” Reich said in a prepared statement.
On Wednesday, Hub said it acquired the assets of EPIC Retirement Services Consulting, a New York City independent investment consulting firm specializing in 401(k), 403(b) and pension plans. Epic is led by co-founder Eva Kalivas, who will join Hub Northeast working with Reich and collaborating “heavily” with Collins.
The assets of Pearl River, N.Y-based StoneStreet Pearl River were acquired by Hub on Tuesday. Led by Barbara Delaney, StoneStreet is an independent and nationally recognized firm providing retirement plan consulting services. She will join Hub Northeast and will work with Reich and collaborate “heavily’’ with Collins, the release said.
And on Monday, Hub announced that it had acquired the assets of Washington Financial Group (WFG), a provider of employer plan and wealth management services. It is headquatered in McLean, Va., and led by Joe DeNoyior, chief executive officer, and Jeff Hamblen, president.
DeNoyior will join Hub Mid-Atlantic, working with Reich and collaborating with Hub president and CEO Charles Brophy, who also serves as regional president, U.S. East, the release said.