Hub acquires Northern California-based Quintes

The firm designs and manages retirement plans, including 401(k)s, 403(b)s and 457(b)s, as well as defined-benefit and cash-balance plans.

Hub International, an insurance broker and financial services firm, announced Thursday that it had enhanced its retirement business by purchasing the insurance brokerage and advisory businesses of Quintes Financial Services and Quintes Administrative and Insurance Services Inc.

The terms were not disclosed.

Quintes, which is based in Northern California, offers both retirement planning and wealth management services; it designs and manages retirement plans including 401(k)s, 403(b)s and 457(b)s, as well as defined-benefit and cash-balance plans.

Mark Laughton, vice president at Quintes, and the rest of the team will join Hub’s division for Central and Northern California.

Hub’s recent acquisitions include the assets of Direct Advisors, a Latham, New York-based benefit plan consulting firm and third-party administrator, in September; a $2.3 billion RIA, WealthPlan Advisors in Scottsdale, Arizona, in August; and CSi Advisory Services, an Indianapolis-based retirement plan consulting firm managing $1.1 billion, in June.