Hub International has added $4.6 billion in assets under management through the recent purchase of TCG Group Holdings’ operating subsidiaries, the firm announced today.
The acquisition is one of several the insurance brokerage and financial-services firm has made this year, including $2.4 billion Atlanta-based retirement plan consulting firm Plan Sponsor Consultants; $500 million Memphis, Tennessee-based firm Aegis Retirement Group; $400 million East Longmeadow, Massachusetts-based RIA Epstein Financial; and $1.6 billion Foxborough, Massachusetts-based plan consultant IBG Financial Partners.
TCG, which does business as Trusted Capital Group, is based in Austin, Texas and has about 750,000 plan participants in its book of business, Hub stated in its announcement. TCG provides wealth management, retirement planning, institutional advisory and other services to retirement plans for schools, local governments and small- and medium-sized businesses.
With the acquisition, TCG staff are joining Hub Retirement and Private Wealth, including: CEO John Pesce, president Jeff Montgomery, chief operating officer Scott Hauptmann and chief marketing officer Chris Jamail.
Hub’s Retirement and Private Wealth unit advises on about $105 billion in assets, according to the firm.
In March, Hub announced a new defined-contribution service for small businesses and startups, seeking to expand on the workplace benefits and insurance relationships it has with about 600,000 corporate clients. At the time, Hub reported having about 10,000 retirement plans in its book of business.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
