Hub acquires assets of New York firm

Hub acquires assets of New York firm | Insurance Business

Hub acquires assets of New York firm

Hub International Limited has announced the acquisition of a brokerage services and investment advisory book of business from William Peragine III and John Biondo, previously doing business together as The JW Retirement Group. Terms of the transaction were not disclosed.

Peragine and Biondo, who are based in Long Island, NY, provide services to corporate retirement plans and wealth management clients. They are nationally recognized leaders and winners of multiple plan advisor awards, Hub said.

“Both Bill and John’s depth of knowledge and the loyalty they have been able to foster with their clients make them great additions to the Hub family,” said David Reich, national president of Hub Retirement and Private Wealth.

Peragine and Biondo will join Hub Northeast, working with Reich and collaborating heavily with Paul Collins, president and CEO of Hub Northeast.

“We’re extremely excited to join the team,” Peragine said. “Hub’s dedicated commitment to employee benefits fits well with our mission.”

“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,” Biondo said.

The acquisition strengthens Hub’s retirement and investment planning services.