Hub purchases NY-based EPIC Retirement Services Consulting

Global broker continues to bolster its retirement planning services via acquisitions

Hub purchases NY-based EPIC Retirement Services Consulting

Insurance News

By Lyle Adriano

With the aim of growing its retirement planning business even further, Hub International has purchased the assets of EPIC Retirement Services Consulting in New York City, NY.

Terms of the transaction were not disclosed.

Hub’s purchase of EPIC comes after it recently completed the acquisitions of two other retirement planning firms; Washington Financial Group in McLean, VA and StoneStreet Pearl River in Pearl River, NY.

EPIC, founded in 1999, is an independent investment consulting firm that specializes in 401(k), 403(b) and pension plans. The firm also offers customized retirement plan solutions and services to plan sponsors, in addition to providing employees with relevant education.

The consulting firm has won industry acclaim; it was named PLANSPONSOR’s Small Team Retirement Plan Advisor Finalist of the Year in 2017 and part of NAPA’s Top DC Advisor Teams in 2018. In addition, EPIC co-founder Eva Kalivas was named one of NAPA’s Top Women Advisors in the Captain category in 2017 and 2018.

Following the transaction, the entire EPIC team will join Hub. Kalivas will join Hub Northeast and will work with Hub Retirement and Private Wealth national president David Reich and Hub Northeast president and CEO Paul Collins.

“We’re excited to have Eva and her team join the Hub family,” commented David Reich, who also noted how Kalivas’ dedication to her clients is a “great match” for Hub.

“Hub’s commitment to the retirement plan arena will provide support and resources to EPIC that will enhance the client and participant experience,” said Eva Kalivas. She mentioned that thanks to the acquisition, her team now has access to plan advising, financial wellness tools, and technology that would propel them further in the retirement plan industry.

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