Hub International Limited, the Chicago-based insurance brokerage and financial services firm, has purchased the assets of Renaissance Benefit Advisors Group, a retirement plan consulting firm that focuses on helping plan sponsors meet their fiduciary responsibilities, the company announced Monday.
Terms of the transaction weren’t disclosed.
Renaissance has offices in New York City and Atlanta. According to its website, it has provided advice to plans holding more than $2 billion in retirement assets.
Ellen Lander, who founded Renaissance in 2008, and the rest of the Renaissance team will join Hub Mid-Atlantic.
“The commitment of Ellen and the RBA team to being a trusted ‘fiduciary partner’ to their clients makes them an excellent fit for Hub as we continue to grow our presence in the Northeast,” Joe DeNoyior, president of Hub Retirement and Private Wealth, said in a statement.
Hub Retirement and Private Wealth advises clients with total assets of about $148 billion.
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