Live Breaking News & Updates on Plan Sponsor Consultants
Stay updated with breaking news from Plan sponsor consultants. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Hub picks up $4.6 billion retirement plan adviser TCG investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.
Hub International continues buying spree with IBG acquisition Hub International continues buying spree with IBG acquisition Getty Images Insurance broker Hub International acquired retirement plan consulting firm IBG Financial Partners, Hub announced in a news release Thursday. Terms of the deal, which closed April 1, were not disclosed. The acquisition of the Foxborough, Mass.-based firm added 70 plan sponsor clients with roughly $1.6 billion in assets under advisement to Hub s client roster, a Hub spokeswoman said. As part of the transaction, Peter Vacheron, principal of IBG, and the entire IBG team of six staff members will join Hub Retirement and Private Wealth. ....
Q1 2021 Sees ‘Record-Shattering’ Pace of Adviser M&As Strong market conditions, increased competition from buyers and favorable deals for sellers laid the foundation for the activity, according to the latest data published by Echelon Partners. Echelon Partners has published its latest quarterly review of adviser and brokerage industry merger and acquisition (M&A) activity, finding the first quarter of 2021 shattered the previous record. According to Echelon, there were 76 deals that took place in Q1 2021. This is the largest number of deals in a single quarter in the history of the wealth management industry, the report states. “Strong market conditions, increased competition from buyers and favorable deals for sellers laid the foundation for the record-setting activity,” Echelon reports. “However, anticipation that the new [presidential] administration could introduce higher capital gains taxes that could go into effect in 2022 also accelerated dealmakin ....