Hub International, a Chicago-based insurance broker and wealth manager, has acquired the assets of Kornerstone, a Chico, California-based registered investment adviser managing $560 million.
Kornerstone has become part of Hub’s retirement and private wealth business, which serves retirement plans and individuals. The several RIA affiliates in that Hub unit provide investment advisory services to clients whose total assets approximate $105 billion, the company said in a release.
Kornerstone has 150 clients. Its president, Eric Blofsky, and the rest of the team will join Hub.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
