Hub International acquires Alpha Pension Group
Insurance broker Hub International acquired Alpha Pension Group, a Boston-based registered investment adviser firm, Hub said Wednesday.
Terms of the deal were not disclosed.
Alpha Pension Group serves 572 retirement plan sponsor clients with some $2.9 billion in assets under management. The firm provides investment analytics, fiduciary governance, and guidance to corporations and nonprofits on retirement planning.
Shawn McLaughlin, president and CEO of Hub New England, said in a new release that Alpha Pension Group s expertise will benefit Hub s New England clients as they continue to seek more transparency and personalized retirement service offerings.
Alpha Pension Group s president and CEO, Rich Cawthorne, and its CFO, Mark Salamone, will join Hub New England.