Hub scoops up Massachusetts agency

Hub scoops up Massachusetts agency | Insurance Business

Hub scoops up Massachusetts agency

Hub International Limited has announced that it has acquired Boston-based Baystate Fiduciary Advisors. Terms of the transaction were not disclosed.

Baystate Fiduciary Advisors offers investment fiduciary advisory services to 401(k) and 403(b) plan sponsors with both a general business approach and a strong concentration in the nonprofit sector, according to Hub. Gregg Andonian, managing partner of Baystate Fiduciary Services, will join Hub Retirement and Private Wealth in New England.

The acquisition bolsters Hub’s retirement and wealth management services. Hub Retirement and Private Wealth helps plan sponsors create an offering that aligns with their business strategy, and manages more than $93 billion in assets.