HUB Completes Acquisition of Clark401k

HUB Completes Acquisition of Clark401k
HUB International, the global insurance brokerage and financial services firm, has announced it has completed the acquisition of Clark 401K. The terms of the deal were not disclosed.

Clark 401K, based in Los Gatos, California, is an independent 401(k) consulting and fiduciary processing firm. The company assists with retirement plan consulting services in various areas, including independent investment consulting, reviewing and helping establish fiduciary processes and best practices, retirement readiness, plan optimisation strategies, benchmarking, and investment selection assistance and monitoring.

Christopher Clark, an Accredited Investment Fiduciary and Investment Consultant, along with the rest of his team, will join Hub’s Retirement and Private Wealth practice in Central & Northern California.

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Darren Caesar, CEO of Hub Central & Northern California, commented: “We are excited to have Chris and his team join us and look forward to using his expertise to help us grow the organisation.”

Joe DeNoyior, President of Hub Retirement and Private Wealth (RPW), added: “Chris’s experience with not only retirement plans but also employee benefits and financial wellness is an excellent fit for what we are focused on here at Hub.”

The move seeks to strengthen Hub’s RPW practice and its services to develop more holistic strategies for clients. Hub RPW works with plan sponsors to design offerings that align with their business strategies, manage fiduciary risk, and support employees in achieving their financial goals. The multiple registered investment advisory affiliates within HUB RPW deliver investment advisory services to clients, collectively overseeing approximately $148 billion in assets.

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