Hub snaps up retirement-plan consulting firm

The leader of Hub's new acquisition is "simply one of the best advisors" in the industry, says exec

Hub snaps up retirement-plan consulting firm

Insurance News

By Ryan Smith

Hub International Limited has announced that it has acquired the assets of retirement-plan consulting firm StoneStreet Pearl River.

Based in Pearl River, N.Y., and led by Barbara Delaney, StoneStreet provides retirement-plan consulting services to defined benefit, defined contribution and non-qualified plans. Delaney was recognized as one of Barron’s top institutional consultants in 2018 and 2019 and as one of the Financial Times’ top 401 advisors in 2019.

The acquisition of StoneStreet will strengthen Hub’s retirement planning and benefits services, the company said.

“We’re excited for Barbara and the team to join Hub,” said David Reich, national president of Hub Retirement and Private Wealth. “Barbara is simply one of the best advisors in our space, and she and her team will help us continue our momentum in developing our retirement practice and our partnership with the other parts of the Hub organization.”

“We felt that Hub was the right choice to help us continue to grow,” Delaney said. “We chose Hub because they are focused on where plan sponsors are going from a total employee benefits approach. The convergence of health and wealth is here, and Hub is in the best position to fulfill this vision for our plan sponsors.”

Delaney will join Hub Northeast. She will work with Reich and collaborate heavily with Paul Collins, president and CEO of Hub Northeast.

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