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Laxman Pai, Opalesque Asia: Hub International Limited, a global insurance brokerage and financial services firm known as "Hub," announced it has acquired the assets of Wash Financial LLC, which does business as Washington Financial Group (WFG).
Terms of the deal were not disclosed.
Headquartered in McLean, Virginia, led by CEO Joe DeNoyior and President Jeff Hamblen, WFG serves more than 120 retirement plan sponsor clients with $1.5 billion in assets under management. It also has more than 400 wealth clients with $800 million in assets under management, according to Hub.
David Reich, National President, Hub Retirement and Private Wealth said: "WFG has demonstrated leadership and a commitment to excellence in driving better solutions not just for employers, but for hard-working employees as well. Joe, Jeff and their team are a great fit for Hub. They truly are leaders in the space."
DeNoyior. "Joining Hub enhances our service model while we continue to utilize proven best practices for retirement plan consulting and wealth management."
DeNoyior will join Hub Mid-Atlantic, working with Reich and collaborating heavily with Charles Brophy, Hub President and CEO, Regional President, U.S. East.
The deal follows Hub's acquisition of Sheridan Road Financial in January and Peak Financial Group in March. The firm has acquired about 15 organizations over the last three years, according to Hub. ...................... To view our full article Click here
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