Hub snaps up Pennsylvania firm

The firm specializes in 401(k) and retirement plan consulting

Hub snaps up Pennsylvania firm

Mergers & Acquisitions

By Ryan Smith

Hub International Limited has announced that it has acquired the assets of Pennsylvania-based Fiducia Group. Terms of the transaction were not disclosed.

Fiducia Group provides 401(k) and retirement plan consulting to the corporate, Taft-Hartley, public and non-profit sectors. The company helps employers navigate the complexities of workplace retirement plans through fiduciary support and investment advisory services. It manages more than $2.3 billion in assets.

“We are thrilled to welcome the Fiducia Group team to Hub,” said Joe DeNoyior, president of Hub Retirement and Private Wealth. “They bring extensive experience to our national practice, and as thought leaders in the industry, they are advocates for a strong private retirement system to help American workers.”

Charles Kennedy, managing principal of Fiducia Group, James Bartoszewicz, chief compliance officer and principal, and the Fiducia Group team will join Hub HDH in Pittsburgh.

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