A day after announcing its latest acquisition, Hub International Limited has announced the acquisition of StoneStreet Pearl River LLC, a firm led by Barbara Delaney.
Based in Pearl River, NY, StoneStreet is an independent and nationally recognized firm providing retirement plan consulting services to defined benefit, defined contribution and nonqualified plans. Delaney, who is currently a member of the leadership council of the National Association of Plan Advisors (NAPA), has consistently been recognized as a NAPA Top Woman Advisor. StoneStreet was the recipient of the 2016 NAPA 401(k) Advisor Leadership Award.
“We’re excited for Barbara and the team to join Hub,” said David Reich, National President, Hub Retirement and Private Wealth. “Barbara is simply one of the best advisors in our space, and she and her team will help us continue our momentum in developing our retirement practice, and our partnership with the other parts of the Hub organization.”
“We felt that Hub was the right choice to help us continue to grow,” said Delaney. "We chose Hub because they are focused on where plan sponsors are going from a total employee benefits approach. The convergence of health and wealth is here, and Hub is in the best position to fulfill this vision for our plan sponsors.”
According to a press release, Delaney will join Hub Northeast and will work with Reich and collaborate heavily with Paul Collins, President and CEO of Hub Northeast, to continue to provide the best-in-class service for her clients and their participants.
It was just yesterday that HUB International announced that it had acquired the assets of McLean, Virginia-based Washington Financial Group, a firm led by CEO Joe DeNoyior, another GRP alumni.
It’s another big move in the retirement space for insurance brokerage Hub International, which 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.
With more than 100 advisors, Hub Retirement and Private Wealth manages more than $38 billion in assets and services.
