HUB International Limited has acquired a brokerage services and investment advisory book of business from William Peragine III and John Biondo.
Working together under the brand The JW Retirement Group, Peragine and Biondo provide retirement plan consulting and wealth management services. The two advisers, based in Melville, New York, will join Hub Northeast, working with David Reich, National President, Hub Retirement and Private Wealth and collaborating with Paul Collins, President and CEO of Hub Northeast.
“Both Bill and John’s depth of knowledge and the loyalty they have been able to foster with their clients will make them great additions to the Hub family,” said Reich.
“Hub’s dedicated commitment to employee benefits fits well with our mission,” said Peragine, echoing what other advisers have said about the decision to join the company (see PANC 2019: Learning from Adviser M&A Transactions).
The latest acquisition adds to a string of high profile retirement plan adviser specialists that have joined Hub in 2019 (see Hub International’s Ambitious Vision for the Retirement Market).
Dick Darian, CEO of adviser M&A firm Wise Rhino Group, said Peragine and Biondo engaged the firm to help as they thought through the acquisition process for The JW Retirement Group. “We…worked closely with them to find the right partner. HUB was ultimately the best fit, as the company brought a culture and a specific set of support capabilities that aligned perfectly with their needs.”“We see this as a tremendous opportunity to expand our business and drive growth, bringing the experience and knowledge we have gained over the past 27 years to more American workers planning for their retirement,” said Biondo.