HUB International Limited has acquired Boston-based Alpha Pension Group, Inc.
Alpha is a retirement consulting firm that provides investment analytics, fiduciary governance and guidance to corporations and nonprofits on retirement planning. It was represented by the consulting firm Wise Rhino Group for the transaction, terms of which were not disclosed. Rich Cawthorne (President & CEO) and Mark Salamone (CFO) will join Hub New England, according to a press release.
“Rich and Mark built a tremendous retirement advisory firm over the last 15 years with hard work and an unwavering commitment to serve their clients,” noted Peter Campagna, Partner at Wise Rhino Group. “As we’ve seen over the past 12+ months, HUB is thoughtfully scaling their business and effectively connecting their large insurance brokerage operations with their retirement advisors, something that only strengthens the position of a group like Alpha Pensions, who were already dominant in the New England market.”
“The Alpha Pension Group's depth of knowledge and the strong relationships they have been able to develop with their clients will benefit our clients in New England as they continue to seek more transparency and personalized retirement service offerings,” said Shawn McLaughlin, President and CEO of Hub New England.
Hub Retirement and Private Wealth offers institutional and retirement services to for-profit and not-for-profit organizations and customized private wealth management services to individuals and families. Hub RPW manages more than $93 billion in assets, according to the firm. The firm recently announced the acquisition of Garnett Retirement Group.
