This is the second Massachusetts acquisition for Hub’s Retirement and Private Wealth division so far this year
Hub New England’s Retirement and Private Wealth grew again this month with another acquisition in Massachusetts. On June 2, 2021, the insurance broker announced its acquisition of Epstein Financial Services LLC and Epstein Financial Group LLC. (Epstein Financial)’s assets.
Based in East Longmeadow, Massachusetts, Epstein Financial is an independent Registered Investment Advisor (RIA) with extensive experience in corporate retirement plan consulting, compliance and regulatory guidance, in addition to wealth management services. According to the terms of the transaction, upon completion of the sale, Charlie Epstein, Principal and Founder of Epstein Financial, will join the Hub Retirement and Private Wealth Group’s location in New England. No further terms of the transaction were disclosed.
“We are excited to deepen our current capabilities with the exceptional marketing and sales expertise of Charlie and his team,” said Timm Marini, Hub President of Western New England.
Hub NE’s growing Retirement and Private Wealth presence in Massachusetts
This latest acquisition continues Hub New England’s expansion of its retirement and wealth management services (Hub RPW). Its acquisition of Epstein Financial represents the third Massachusetts agency acquisition in this marketplace since January 2021. Overall, the RPW division provides advisory services through both affiliated and unaffiliated Registered Investment Advisors (RIA) including its wholly-owned subsidiaries Global Retirement Partners, LLC, Silverstone Asset Management, LLC, Hub International Investment Advisory Services, Inc., and Sheridan Road Advisors, LLC. In total Hub’s RPW represents clients whose total assets are approximately $105 billion.
Hub New England continues to grow its geographic footprint throughout New England
With the addition of Epstein Financial, Hub continues to grow its presence throughout New England. As one of the largest insurance brokers in the region, this latest addition marks the brokerage firm’s fourth agency acquisition in New England so far in 2021. The following is a list of other agencies that Hub New England has acquired recently and that have been covered by Agency Checklists:
- Hub New England Acquires CT’s Ion Insurance Corporation (May 11, 2021)
- Hub Acquires Massachusetts-Based IBG Financial Partners, LLC (April 23, 2021)
- 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
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.
Leave a Reply