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You are here: Home / Insurance News | Massachusetts / Insurance Agencies | Mergers & Acquisitions / Hub Acquires Massachusetts-based IBG Financial Partners, LLC

Hub Acquires Massachusetts-based IBG Financial Partners, LLC

April 23, 2021 by AC Editor

Agency Checklists, MA Insurance News, Mass. Insurance News

In a further expansion into retirement and wealth management services, Hub New England has announced the acquisition of the retirement planning firm IBG Financial Partners, LLC (“IBG”).

Founded in Foxborough in 1996 by Peter D. Vacheron, ChFC, CPFA, IBG Financial Partners, LLC has grown over the past 30 years and has been ranked a Top Financial Advisor by the Financial TImes in 2015, 2018, 2019 and 2020. Focusing on providing advisory support in the areas of investment, plan design, and administration, as well as retirement, the firm managed approximately $1.6 billion in assets as of Dec 31, 2020.

According to the terms of the transaction, Mr. Vacheron, Principal of IBG, as well as the rest of the IBG team will join Hub Retirement and Private Wealth in New England upon completion of the acquisition. No further terms of the transaction were disclosed.

Providing both talent and resources, the addition of IBG Financial Partners, LLC will accelerate and expand the capabilities of the brokerage’s growing Retirement and Wealth Management Services. Hub’s RPW currently includes several registered investment advisory affiliates that provide investment advisory services to clients with assets totaling approximately $93 billion.


Hub New England continues to grow its geographic footprint throughout New England

As one of the top insurance brokers in both Massachusetts, New England, as well as the nation, Hub New England continues to expand its geographic footprint here in the Commonwealth. The following is a list of the agencies that Hub International and New England have acquired that have been covered by Agency Checklists:

  • Hub NE Expands In Vermont With Finn & Stone, Inc. Acquisition (March 9, 2021)
  • Hub Acquires The Alpha Pension Group (January 26, 2021) 
  • Hub Acquires Its Second Massachusetts Agency In 2020 -Baystate Fiduciary Advisors, Inc. (November 17, 2020)
  • Hub Acquires Massachusetts-Based Lashua-LaChance & Poliks Insurance Agency, Inc. (May 19, 2020)
  • HUB New England Acquires The Insurance Center of New England (August 6, 2019)
  • Dadgar Insurance Acquired By Hub (December 18, 2018)
  • HUB New England Announces Two More Acquisitions In Massachusetts (March 13, 2018)
  • Hub Acquires FieldEddy (October 2014)

More about Hub International and Hub New England

Agency Checklists, MA Insurance Jobs, Hub International, MA Insurance News, Mass. Insurance News, MA Insurance Jobs

Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions.

Since joining HUB in 2000, HUB New England has acquired the strongest partners in the region to expand its programs, specialties and capabilities. The company traces its roots back to some of the most well-known and reputable insurance agencies in the area that operate today as HUB New England. Our business model allows our clients to receive the many benefits of a national network at a local level.

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Filed Under: Insurance Agencies | Mergers & Acquisitions, Latest News Tagged With: Agency Checklists, Hub New England, Insurance Agency Acquisitions Massachusetts, massachusetts insurance news, Massagent agency sales, New England Insurance News

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