Insurance brokerage firm Hub International has acquired the assets of IPS Advisors, LLP and IPS RIA, LLC (IPS Advisors) for an undisclosed sum.
IPS Advisors is an independent life and health benefits brokerage and consulting company headquartered in Dallas, Texas. It also has offices in Houston, Austin, and Fort Worth.
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The company advises customers on corporate employee benefits, 401k retirement plans, executive benefits and actuarial services.
The acquired firm also offers consultancy on life insurance services for business succession planning, estate planning, family offices and high net worth individuals.
Hub Texas president Martin Yung said: “The addition of IPS Advisors will greatly strengthen our retirement and benefits operations in the Metroplex area.
“This partnership will benefit all of Hub Texas’ clients and ensure our ability to deliver the most effective, customised solutions to our customers.”
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By GlobalDataHub Texas said it will retain IPS Advisors’ leadership team and staff. IPS Advisors co-managing partner Randall Martell will now head Hub Texas’ Employee Benefits practice, while Rod Sager, co-managing partner of IPS Advisors, will be responsible the life operation. Both of them will report to Yung.
Martell commented: “Joining Hub allows us to leverage the resources of one of North America’s largest insurance brokers and enhance our dedication to exceptional, consistent client services. This opportunity allows us to become part of a company that shares our values and commitment to client success, while granting us access to a more robust suite of insurance solutions.”
