Hub International Limited has acquired the assets of Washington-based Longbow Financial Services, LLC. The terms of the deal have not been disclosed.
Longbow Financial operates from Spokane, specializing in corporate retirement planning and individual client wealth. It was founded by Michael Furrer, who also serves as the firm’s managing partner.
As part of the acquisition, Furrer and the rest of the Longbow Financial team will become part of Hub Northwest.
Longbow Financial will also be known as Longbow Financial Services, a Hub International company.
“We welcome Michael and the Longbow Financial team to HUB as part of our growing presence in the Northwest,” said Joe DeNoyior, Hub Retirement and Private Wealth president.
Hub’s latest swoop comes after it announced the acquisition of Renaissance Benefit Advisors Group (RBA), a retirement plan consulting and institutional investment advisory firm that has locations in New York City and Atlanta.
The move was made to bolster Hub’s Northeast presence, according to a previous statement by DeNoyior.
Other recent acquisitions announced by Hub include Maryland-based Franklin Financial Group (FFG) and Asset Protection Group (AP Group) in Virginia.
It also recently launched an offering designed to cover liability risks arising from malicious acts of violence on business operations. HUB’s violent acts liability product is available in for businesses in the US and Canada.
“In a world where unforeseen acts of violence can disrupt lives and businesses in an instant, we can help clients face these uncertainties with greater confidence,” said Hub executive vice president Carol Murphy of the new offering.
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