Hub International Limited kicked off the new year by further enhancing its retirement and wealth management services in Florida with its latest acquisition.
According to the Jan. 4 announcement, the full-service global insurance brokerage and financial services firm has acquired the assets of Bienenfeld, Lasek, & Starr LLC and BLS Wealth Management, LLC—together, BLS Wealth Management.
Located in Fort Lauderdale, Florida, BLS Wealth Management is a full-service financial planning firm providing wealth management, insurance planning, employee benefits, and employer sponsored retirement plan services, the announcement notes.
“Mitch, Howard and Carol have built an excellent client-centric firm that is a great addition to our team in South Florida,” Hub Retirement and Private Wealth President Joe DeNoyior said in a statement. “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.”
Managing Partner Howard Bienenfeld, along with Partners Carol Lasek and Mitch Starr, and the BLS Wealth Management team will join Hub South Florida. Starr will lead the expansion of Hub's Retirement and Private Wealth practice in South Florida.
“We see longevity and growth for our firm by joining Hub,” said Bienenfeld. “We are excited to expand our network and resources, providing commercial P&C and personal insurance for the benefit of our clients.”
The terms of the transaction were not disclosed.
The move continues to strengthen Hub's Retirement and Private Wealth (RPW) practice and its services to develop more comprehensive strategies for clients. Hub RPW works to help plan sponsors create an offering that aligns with their business strategy, navigates fiduciary risk and helps employees pursue their financial goals.
The several registered investment advisory affiliates in Hub RPW provide investment advisory services to clients whose total assets are approximately $148 billion.
