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.
It’s the second time in as many years regulators have penalized Centaurus Financial for lack of compliance with Reg BI.
AI Teammate is embedded within Wells Fargo’s Advisor Gateway desktop platform.
Elsewhere, Ameriprise added a $470 million Wells team in New York, while an ex-Morgan Stanley advisor bolsters UBS' Austin, Texas office.
Financial advisors play an essential role in helping small business owners navigate their transition out of the company — and into retirement.
NFP data shows an engagement gap is holding back retirement readiness despite high trust.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
