Global insurance brokerage firm Hub International announced the acquisition of Inter-Mountain Retirement Partners Inc. (MRP)—the firm’s sixth retirement plan advisory-focused acquisition made public this month.
Hub International’s retirement planning and private wealth management business is expanding rapidly through a series of acquisitions focused on well-established advisory practices. In the last week, the firm’s announced acquisitions included EPIC Retirement Services; StoneStreet; Washington Financial; Perennial Pension & Wealth; and WhartonHill.
MRP is based in Denver, with a second office in Salt Lake City. Its advisers provide investment and retirement plan consulting services to corporations, governmental and nonprofit organizations. They also serve individual investment clients throughout the region and nationally.
Chad Larsen, president and CEO of MRP is a winner of the PLANADVISER Top 100 Retirement Plan Advisors designation.
“MRP is dedicated to helping clients implement and manage retirement plans that lead to meaningful retirement outcomes for all employees,” says David Reich, national president, Hub retirement and private wealth. “Chad and his entire ownership team and all of their incredible employees are a great addition to the Hub family, and they will help us improve our retirement planning and financial wellness capabilities for our clients and those they care about.”
Larsen says joining the Hub team will allow his firm to “continue to grow and add valuable services for existing clients that would have been impossible for us to obtain on our own.” Larsen will join Hub Colorado, working with Reich and collaborating with Tim Blanchard, president of Hub Colorado.
At this stage, Hub says it now has more than 100 advisers working within Hub Retirement and Private Wealth, managing and advising on $38 billion in assets and services.