Chicago-based Hub International Ltd. has acquired certain assets of WhartonHill Retirement Services LLC, Strategic Planning Resources Inc. and Karen McCloskey (collectively doing business as WhartonHill Advisors). Terms of the transaction were not disclosed.
Located in Ft. Washington, Pennsylvania, WhartonHill Advisors is an institutional investment consulting and private wealth firm offering investment management, retirement plan expertise, investment fiduciary services, wealth management, financial and retirement services planning, and specialized executive benefit services. WhartonHill Advisors's assets under advisement, as of June 30, are in excess of $3 billion.
"We are extremely excited for this partnership with Hub," WhartonHills Advisors Principal Andrew DeGroat said in a statement. "Hub is a great fit for us. We share the same dedication to helping our clients obtain valued financial strategies and outcomes, both to and through retirement. We are also excited about the continuing partnership with both Global Retirement Partners and LPL Financial and look forward to expanding that relationship going forward."
DeGroat will join Hub Northeast, working with Reich and collaborating heavily with Paul Collins, president and CEO of Hub Northeast.