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Press Releases by Date   |   Press Releases by Company Name

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Press Release

HUB International Acquires the Assets of Georgia-based Plan Sponsor Consultants

Issued by HUB International

Apr. 8, 2021

Chicago, April 6, 2021 — HUB International Limited (Hub), a leading full-service global insurance broker, announced today that it has acquired the assets of Plan Sponsor Consultants. Terms of the transaction were not disclosed.

Headquartered in Atlanta, Georgia with an additional location in Birmingham, Alabama, Plan Sponsor Consultants is a nationally recognized independent retirement plan consulting firm offering expertise and guidance on retirement plan management for all plan types and sizes. Plan Sponsor Consultants manages $2.4 billion in assets.

“Plan Sponsor Consultants’ joining Hub continues our expansion in the Gulf South region and our focus on expanding our retirement capabilities to round out the services we offer to clients,” said Shaun Norris, President of Hub Gulf South.

Michael Kane, Managing Director of Plan Sponsor Consultants, and Lee Applebaum, Senior Vice President, join Hub Retirement and Private Wealth (Hub RPW) in Hub Gulf South.

“We’re excited to join Hub,” said Mr. Kane. “With Hub, we’ll continue to share our depth of knowledge in the retirement industry with our clients and expand our resources and capabilities to grow.”

This move continues to strengthen Hub’s retirement and wealth management services with the addition of talent and resources to develop more comprehensive strategies for clients. Hub RPW works to help plan sponsors create an offering that aligns with their business strategy, navigates fiduciary risk and helps employees pursue their financial goals. The several registered investment advisory affiliates in HUB RPW provide investment advisory services to clients whose total assets are approximately $93 billion.

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Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.