Hub International, a Chicago-based insurance brokerage and financial services firm, has acquired GRP Financial California, a San Clemente, California-based retirement plan consulting firm managing $3.4 billion.
Terms of the transaction were not disclosed.
Hub has announced a spate of deals in the retirement space so far this month, including the acquisitions of $2.3 billion Pittsburgh-based 401(k) consultant Fiducia Group, Libertyville, Illinois-based Benefit Partners Group, which advises on 120 retirement plans totaling $290 million, and New York City-based Gold Sky Benefits, which consults on various employee benefits, including health insurance, property and casualty, wellness and student loan payment services.
GRP principals Jason Jeskey, Austin Gwilliam and Kyle Posvistak will join Hub California, along with all the members of the GRP Financial California team.
Hub’s retirement and private wealth group advises on $105 billion.
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
