HUB International Limited is on the move again, announcing July 7 that it has acquired the operating subsidiaries of TCG Group Holdings, LLP, doing business as Trusted Capital Group (TCG).
Headquartered in Austin, Texas, TCG is an investment and consulting firm that provides financial wellness solutions including wealth management, retirement planning, institutional advisory and more. TCG manages more than $4.6 billion in assets and serves over 750,000 individuals across hundreds of plans in the education, local government and small-to-medium business segments.
“TCG continues our strategy to expand our retirement capabilities and add top talent in Texas,” said Martin Yung, President and CEO of Hub Texas. “TCG has a deep understanding of the retirement landscape and regulatory issues, which will significantly benefit our clients.”
John Pesce, CEO of TCG; Jeff Montgomery, President; Scott Hauptmann, COO; Chris Jamail, CMO; and the TCG team will join the Retirement and Private Wealth in Hub Texas.
The move continues to strengthen Hub’s retirement and wealth management services (Hub RPW). The several registered investment advisory affiliates in Hub RPW provide investment advisory services to clients whose total assets are approximately $105 billion.
Piper Sandler & Co. served as financial advisor to TCG in the transaction, the terms of which were not disclosed. The deal follows Hub’s acquisitions of Benefit Strategies Agency and Financial Strategies Agency in March, IBG Financial Partners and Plan Sponsor Consultants in April, Epstein Financial Group in June, and Aegis Retirement Group in July.
