US-based insurance brokerage Hub International has hired financial advisors Steven Glasgow and Jordan Sibler and also purchased their books of business.
The financial terms of the transaction were not disclosed.
Go deeper with GlobalData
Glasgow and Sibler, with more than 25 years of experience in retirement and wealth management services, offer personalised strategies to their clients.
They will join HUB Mid-South, based in Nashville, Tennessee.
MidCap’s Tony Leonard acted as the financial advisor for the transaction.
Hub retirement and private wealth president Joe DeNoyior said: “We are excited to welcome Steve, Jordan and their team to Hub. They bring a collaborative approach that reinforces our mission to provide comprehensive, tailored financial strategies to individuals and businesses.”
Hub seeks to expand organically and via acquisitions to strengthen its geographic footprint, and industry and product expertise.
In July 2024, Hub acquired the assets of Wyatt Insurance Services, which had locations in Knoxville and Clarksville, Tennessee.
Wyatt specialises in commercial and personal insurance, risk management and employee benefits.
Earlier in the month, Hub acquired the assets of Malloy Imrie & Vasconi Insurance Services (MIV Insurance), an independent company situated in California’s Napa Valley with offices in Saint Helena and Napa.
Headquartered in Chicago, Illinois, Hub International operates as a insurance broker and financial services provider by offering risk management, insurance, employee benefits, retirement and wealth management products and services.
With more than 19,000 employees, the company boasts a network of more than 650 offices across North America.
The company was formed through the merger of 11 Canadian brokerages in 1998.
