Joe DeNoyior has been named as the new leader for HUB International’s Retirement and Private Wealth (RPW) group.
DeNoyior takes over the group approximately six months after the sudden death of previous group president Dave Reich. Reich, a longtime leader in the industry, oversaw the group as HUB went through significant transactions establishing its place as a player in the retirement plan advisory space.
In the wake of Reich’s death, the firm has continued the aggressive pace of its merger and acquisition (M&A) activity, with DeNoyior already serving as one of the primary faces of the expanding HUB RPW team. In December, he spoke with PLANADVISER about HUB’s vision for the retirement planning marketplace. As he put it, HUB hopes to enable greater growth for the advisers it is bringing on board by supplying them with back-office efficiencies and extensive referral networks, in addition to other client-facing resources.
DeNoyior became a familiar face in the retirement planning industry as the president of Washington Financial Group (WFG), a former PLANSPONSOR Retirement Plan Adviser Small Team of the Year that was itself acquired by HUB International in September 2019. WFG, in turn, is remembered as a founding member firm of Global Retirement Partners (GRP). Alongside WFG, many GRP firms have been acquired by HUB RPW over the last two years.
An internal memo shared with PLANADVISER speaks glowingly of DeNoyior’s industry tenure, and of Reich’s lasting impact on RPW’s leadership and staff.
“This past summer, as a team, we faced the unthinkable with the loss of our leader, Dave Reich. We have since made it our mission to carry on Dave’s amazing legacy and knew that these were big shoes to fill,” the memo reads. “At the end of the day, we were seeking an individual who really understood and had a passion for the retirement plan industry. Ideally, this was someone who was aware of and could fulfill Dave’s dream and vision. The choice was clear for us internally as we have always thought of Joe as a leader. … Throughout his career, his primary objective has always been to help better Americans in retirement.”