Hub International Adds Renaissance Benefit Advisors
Hub International Ltd. announced it has acquired the assets of Renaissance Benefit Advisors Group LLC. RBA, located in New York City and Atlanta, is a retirement plan consulting and institutional investment advisory. Founder Ellen Lander and the RBA team will join Hub Mid-Atlantic.
“We’re excited to be joining the Hub team,” Lander said in a statement. “They share our deep commitment to provide an unsurpassed level of proactive service, and we’re confident that they are the right choice in supporting us and our clients as we continue to grow.”
The move continues to strengthen Hub’s retirement and private wealth practice. Its registered investment advisory affiliates provide services to clients whose assets total approximately $148 billion.
“The commitment of Ellen and the RBA team to being a trusted ‘fiduciary partner’ to their clients makes them an excellent fit for Hub as we continue to grow our presence in the Northeast,” Joe DeNoyior, Hub Retirement and Private Wealth’s president, said in a statement.
Wealth Enhancement Group Acquires Retirement Advisory Group
Wealth Enhancement Group, a national independent wealth management firm with more than $68.3 billion in total client assets, announced the acquisition of Retirement Advisory Group, a hybrid registered investment adviser in Eden Prairie, Minnesota.
The addition of Retirement Advisory Group adds another office location to the Twin Cities area, where Wealth Enhancement Group’s national headquarters is located, and increases the number of Minnesota offices to 15.
Retirement Advisory Group’s team of three financial advisers and two employees, led by founder Terry Kerber, will bring approximately $150 million in assets under management. Since 1992, Retirement Advisory Group has been a family firm looking to help families with their retirement needs.
“We’re grateful that Retirement Advisory Group decided to join Wealth Enhancement Group,” Jeff Dekko, CEO of Wealth Enhancement Group, said in a statement. “The team will be able to take advantage of additional resources and support as their business continues to grow. Both of our firms are focused on putting clients and their families in the best position to achieve their financial goals.”
Hightower Announces Strategic Investment in Resource Consulting Group
Hightower announced it has made a strategic investment in Resource Consulting Group, a fee-only registered investment adviser based in Orlando, Florida, with approximately $2.5 billion in assets under management as of June 2023.
Founded in 1988, Resource Consulting Group offers academic-based investment management, financial planning and retirement planning services to a nationwide client base of high-net-worth and ultra-high-net-worth households, as well as select institutional clients. Resource Consulting Group has a credentialed staff of 30 employees, most of whom are long tenured.
“Resource Consulting Group’s commitment to their clients, alongside their unwavering dedication to fostering personal growth of their employees, aligns perfectly with our core values,” Bob Oros, Hightower chairman and CEO, said in a statement.
Hightower has announced 11 acquisitions so far this year. Hightower offers its range of services across 135 financial advisory practices in 35 states and the District of Columbia. As of June 30, Hightower’s assets under management were approximately $131 billion.
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