Hub International Acquires The Assets Of Texas-Based IPS Advisors, LLP and IPS RIA, LLC
CHICAGO, IL — Hub International, a global insurance brokerage, announced that it has acquired the assets of IPS Advisors, LLP and IPS RIA, LLC (IPS Advisors). Terms of the acquisition were not disclosed.
Headquartered in Dallas, Texas, with offices in Houston, Austin, and Fort Worth, IPS Advisors serves as one of the leading independent life and health benefits brokerage and consulting firms in Texas. IPS Advisors consults clients on corporate employee benefits, 401k retirement plans, executive benefits and actuarial services. IPS Advisors also consults on life insurance services for business succession planning, estate planning, family offices and high net worth individuals.
“The addition of IPS Advisors will greatly strengthen our retirement and benefits operations in the Metroplex area,” said Martin Yung, President of Hub Texas. “This partnership will benefit all of Hub Texas’ clients and ensure our ability to deliver the most effective, customized solutions to our customers.”
IPS Advisors’ leadership team and staff will join Hub Texas. Randall R. Martell, HIA, MHP, CBC, Co-Managing Partner of IPS Advisors, will lead the Employee Benefits practice for Hub Texas and Rod Sager, CLU, Co-Managing Partner of IPS Advisors, will lead the life operation. Both Martell and Sager will report to Yung.
“Joining Hub allows us to leverage the resources of one of North America’s largest insurance brokers and enhance our dedication to exceptional, consistent client services,” said Martell. “This opportunity allows us to become part of a company that shares our values and commitment to client success, while granting us access to a more robust suite of insurance solutions.”