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.
[ESG Video: Making of ‘Flowers in the River’]
The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.
The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.
Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.
With more than $13 billion in assets, American Portfolios Advisors closed last October.
Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.
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.
