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Hub Makes Another California Move

HUB International Limited has acquired the assets of Kornerstone, Inc. 

Located in Chico, CA, Kornerstone provides individuals and corporations with custom financial plans and investment advisory services.  According to a Feb 2 press release, as of Dec. 31, 2021, Kornerstone had 150 clients with assets of more than $560 million. 

Eric Blofsky, President, and the Kornerstone team will join Hub Central & Northern California (CNC). Blofsky will report to Darren Caesar, President of Hub CNC.

The firms note that the move will provide Kornerstone with access to Hub’s resources, including technology, risk management services and specialists to expand the retirement program relationships with their existing clients and explore opportunities to broaden their offering with employee benefits and property and casualty insurance.

Wise Rhino Group served as exclusive advisor to Kornerstone for the transaction, with a deal team consisting of Peter Campagna, Rob Madore and Maggie Howe.

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. Employees of HUB International offer securities through partner broker dealers not affiliated with HUB.  

Employees of HUB provide advisory services through both affiliated and unaffiliated RIAs. Global Retirement Partners, LLC; Millennium Advisory Services, Inc; TCG Advisors; Hub Investment Advisors, LLC; HUB International Investment Advisory Services, Inc.; and Sheridan Road Advisors, LLC are wholly owned subsidiaries of HUB International.