CHICAGO — HUB International Limited (Hub), a leading full-service global insurance broker, announced today that it has acquired the assets of Garnett Retirement Group Inc. (Garnett Retirement Group). Terms of the transaction were not disclosed.
Garnett Retirement Group provides business owners, retirement plan trustees, retirement plan participants and high net worth individuals with customized qualified and non-qualified retirement savings solutions and investment advisory and consulting services, with a focus on niche medical practices, in North Carolina and the Southeast United States. Garnett Retirement Group manages $220 million in assets.
Blanton Garnett, President and Founder of Garnett Retirement Group, and the entire Garnett Retirement Group team will join Hub Retirement and Private Wealth (Hub RPW) and will report to Tommy Suggs, President and CEO of Hub Carolinas.
This move continues to strengthen Hub’s retirement and wealth management services with the addition of talent and resources to develop more comprehensive strategies for clients. Hub RPW works to help plan sponsors create an offering that aligns with their business strategy, navigates fiduciary risk and helps employees pursue their financial goals. Hub RPW manages more than $93 billion in assets.