Hub International Expands Wealth Management with New Acquisition
Hub International Expands Wealth Management Services
In an exciting development for the financial services sector, Hub International Limited, a prominent name in global insurance brokerage and financial services, has announced a significant enhancement to its retirement and wealth management services. The firm has successfully acquired the assets of Prestige Wealth Partners, LLC, known for its expertise in retirement planning and wealth management.
About Prestige Wealth Partners
Prestige Wealth Partners, located in Florida, has established itself as a key player in the realms of retirement plan consulting and financial planning. Led by seasoned professionals Joseph Koury and Robert Georgiou, the team at Prestige Wealth brings invaluable experience and a personalized approach to wealth management, which is critical in today's rapidly changing financial landscape.
Expertise and Client Focus
Joseph Koury and Robert Georgiou have dedicated their careers to guiding individuals and families through their financial journeys. Their commitment extends beyond just providing services; they focus on helping clients achieve financial confidence by addressing their unique needs and objectives. Joe DeNoyior, President of Hub Retirement and Private Wealth (RPW), remarked on the partnership, highlighting their dedication to supporting clients in navigating the complexities of wealth management and retirement planning.
Strengthening Hub’s Financial Services
The acquisition of Prestige Wealth Partners is part of Hub's strategic initiative to bolster its Retirement & Private Wealth practices. By integrating the expertise of Prestige Wealth, Hub can offer more comprehensive financial advice that not only aligns business objectives but also addresses the personal financial goals of their clients.
Comprehensive Financial Strategies
Hub RPW emphasizes the importance of having strategies that mitigate fiduciary risks while optimizing retirement plans. The combined efforts of Hub and Prestige Wealth Partners aim to serve clients better with tailored investment advisory services, a vital factor considering Hub RPW’s assets under management, which hover around an impressive $178 billion.
Hub's Commitment to Growth
Hub International is known for its commitment to growth, both organically and through acquisitions. The firm seeks to enhance its geographic reach and industry knowledge through strategic partnerships. This acquisition is just one of many steps Hub is taking to ensure it remains a leader in the financial services industry.
About Hub International Limited
Headquartered in Chicago, Illinois, Hub International Limited is a comprehensive global insurance broker, providing an array of services including risk management, employee benefits, and retirement solutions. With a workforce exceeding 19,000 professionals across North America, Hub is equipped with the expertise needed to deliver customized solutions and unwavering advocacy for its clients.
Frequently Asked Questions
What is the significance of Hub’s acquisition of Prestige Wealth Partners?
This acquisition enhances Hub’s capability to deliver comprehensive retirement plans and wealth management services to clients, allowing them to address complex financial needs more effectively.
Who are the key figures involved in the acquisition?
Joseph Koury and Robert Georgiou, leading experts in wealth management, are pivotal figures from Prestige Wealth Partners who will bring their expertise to Hub.
What areas does Prestige Wealth Partners focus on?
Prestige Wealth Partners specializes in retirement plan consulting, wealth management, and financial planning, focusing on creating tailored strategies for their clients.
How does this acquisition affect Hub’s clients?
The acquisition allows Hub to provide more integrated and personalized financial strategies, enhancing the overall client experience.
What is Hub International’s approach to growth?
Hub is dedicated to expanding its operations both organically and through acquisitions, thereby strengthening its industry presence and expertise.
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