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’]
Firms continue their quest to attract and retain the best advisor teams.
A survey from TacticalMind AI found 69% of advisors say a high-quality AI platform that makes investment recommendations and constructs portfolios is worth $500 monthly, while research-only tools are valued closer to $250.
The alts tech provider's latest integration lets advisors query fund data and surface portfolio insights without leaving their primary workspace.
The regulator is scrutinizing how some firms oversee concentrated positions in complex "worst-of" notes – and wants answers.
Meanwhile, Carson Group fully integrates a decades-old practice in Phoenix, Arizona, and Triad Wealth touts its 5x growth to hit a $2 billion milestone.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
