Hub International, a global insurance company based in Chicago, has acquired Alpha Pension Group, a retirement consulting firm in Boston. Terms of the acquisition, which closed Dec. 31, were not disclosed.
Alpha has 572 clients that represent 600 plans with assets of about $2.9 billion.
Rich Cawthorne, Alpha Pension's president and CEO, and Mark Salamone, its finance chief, will join Hub New England.
Hub Retirement and Private Wealth, which manages $93 billion for clients, offers institutional and retirement services to for-profit and not-for-profit organizations and customized private wealth management services to individuals and families.
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By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
