Global brokerage Hub International Limited has announced that it has acquired Maryland-based Raffa Financial Services. The terms of the transaction were not disclosed.
Raffa Financial Services is an insurance and employee benefit brokerage and consulting firm serving the greater Maryland, Virginia and D.C. area. Its services include employee benefits, executive benefits, retirement plan advisory services, risk management and individual financial and insurance planning.
“Raffa Financial Services is a great addition to Hub,” said Joe Brown, president of Hub Mid-Atlantic’s D.C. Metro region. “Their stellar reputation, coupled with their market-leading employee benefits and retirement expertise, will strengthen our ability to serve our clients in the region.”
Steve Heger, president of Raffa Financial Services, Jon Zeisler, vice president of group benefits, and Eduardo Gimenez, vice president of retirement plan services, and their team will join Hub Mid-Atlantic.
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“We are thrilled to welcome the Raffa Financial Services team to Hub,” said Joe DeNoyior, national president of Hub Retirement and Private Wealth. “Their focus on delivering complete solutions for their clients to become an employer of choice and getting employees retirement-ready is a great fit for our team.”
“We look forward to working with our new colleagues to expand Hub’s employee benefits and retirement advisory capabilities and provide clients with a unique platform of products and services that distinguishes Hub,” Heger said.