Hub International adds new acquisition to its South Florida practice

Hub International has expanded in South Florida with the acquisition of the two component firms of BLS Wealth Management.

Hub has acquired the assets of Bienenfeld Lasek & Starr and BLS Wealth Management, which together operate a full-service firm from their Fort Lauderdale offices, providing wealth management, insurance planning, employee benefits, and employer sponsored retirement plan services.

BLS managing partner Howard Bienenfeld will join Hub South Florida, together with partners Carol Lasek, Mitch Starr, and the BLS Wealth Management team.

“We see longevity and growth for our firm by joining Hub,” Bienenfeld said. “We are excited to expand our network and resources, providing commercial P&C and personal insurance for the benefit of our clients.”

For Hub International, it means additional capabilities for its wealth and retirement practice, which works with plan sponsors through RIA affiliates, providing investment advisory services to clients whose total assets are approximately $148 billion.

The firm recently published a report warning that high-net-worth individuals and families across North America are leaving themselves at risk by not taking some simple steps to protect their possessions, personal information, and reputation.

“Mitch, Howard and Carol have built an excellent client-centric firm that is a great addition to our team in South Florida,” said Joe DeNoyior, president of retirement and private wealth at Hub. “Their passion to serve clients is evident in each and every team member, and we are excited to bring their expertise to Hub. BLS Wealth Management provides a solid foundation as we continue to expand in the region.”

Hub made several acquisitions towards the end of 2023, including retirement consulting firm Renaissance Benefit Advisors Group.