For the third day in a row, Hub International Limited has announced a new acquisition.
This time it’s the assets of New York City-based EPIC Retirement Services Consulting, LLC. Terms of the transaction were not disclosed.
According to the announcement, EPIC – an independent investment consulting firm specializing in 401(k), 403(b) and pension plans – has been offering customized retirement plan solutions and services to plan sponsors as well as employee education to plan participants since their inception in 1999. Eva Kalivas, Co-founder of EPIC, was named as one of NAPA's Top Women Advisors in the Captains category in both 2017 and 2018.
“We're excited to have Eva and her team join the Hub family,” said David Reich, National President, Hub Retirement and Private Wealth. “Eva's dedication to her clients is a great match for Hub, and we particularly like how EPIC measures their success by measuring their clients’ – and their participants’ – success. We look forward to this partnership and value EPIC’s expertise in the retirement plan industry.”
“Hub's commitment to the retirement plan arena will provide support and resources to EPIC that will enhance the client and participant experience,” said Kalivas. “In addition, new plan advising and financial wellness tools and technology will help propel us forward even further as leaders in the retirement plan industry.”
The entire EPIC team will be joining Hub. Kalivas will join Hub Northeast working with Reich and collaborating heavily with Paul Collins, President and CEO of Hub Northeast.
It’s been a busy week for Hub International. Yesterday Hub announced that it had acquired the assets of StoneStreet Pearl River LLC, a firm led by Barbara Delaney. Hub launched the week with the news that it had acquired the assets of McLean, Virginia-based Washington Financial Group, a firm led by CEO Joe DeNoyior.
Hub acquired the $14 billion in assets of Sheridan Road Financial in January, and was recently reported to have reached an agreement to buy Global Retirement Partners, a $40.1 billion registered investment adviser that serves as LPL Financial’s largest retirement-focused branch.
And the week’s not over yet…
