Insurance broker Hub International has acquired the assets of Leading Edge Benefits Advisors and its retirement plan and wealth management affiliates, Hub announced Monday.
Terms of the deal were not disclosed.
Leading Edge and its affiliates — Raimey Corp., Leading Edge Human Resource Services, Leading Edge Companies, Leading Edge Financial Group, Leading Edge Retirement Plan Advisors and Leading Edge Wealth Advisors — are located in Fort Myers, Fla., and specialize in employee benefits and retirement planning and wealth management services.
The acquisition will add 35 retirement plans with $312 million in assets to Hub's platform.
Donald C. Raimey, Jr., founder and managing member of Leading Edge, and Kerri Sisson, Leading Edge's managing partner, will continue to support the business and its clients and report to Scott Millson, Hub Florida's president of employee benefits.
Hub has been acquiring adviser firms since 2017 in a push to bulk up its retirement plan and wealth management business. It bought 10 firms last year, including Global Retirement Partners, a $40 billion registered investment adviser through which many of the firms Hub acquired cleared their transactions.
Its latest transaction will help strengthen Hub's retirement services in Florida and expand its expertise in "an important part of the state," Chris Gardner, Hub Florida's CEO, said in a news release.