Insurance brokerage and financial services firm Hub International has expanded its operations with the acquisition of Creative Financial Strategies for an undisclosed sum.
Based in Columbia, South Carolina, Creative Financial Strategies offers a range of investment and financial planning services to both individual and corporate clients across the US.
Following the acquisition, Creative Financial Strategies’ roster, including president Terry A. Crenshaw and executive vice president William “Bill” H. Phillips, will integrate into Hub Carolinas.
“Terry, Bill, and the Creative Financial Strategies team bring an exceptional wealth of experience in financial planning, wealth management, and retirement services, which will significantly enhance our service capabilities,” noted Joe DeNoyior (pictured), president of Hub retirement and private wealth (RPW).
The transaction is part of Hub’s broader effort to strengthen its retirement and wealth management services. Hub RPW supports plan sponsors in aligning their financial services with business strategies, managing fiduciary responsibilities, and assisting employees in reaching their financial goals.
Hub’s registered investment advisory affiliates, part of the RPW practice, manage approximately $148 billion in assets.
The arrival of Creative Financial Strategies comes on the heels of Hub’s swoop for the assets of Flexible Benefits Plans (FBP) in Pennsylvania.
Hub Greater Philadelphia president Dennis O’Neill commented at the time: “We are excited to welcome Tom Olejar and FBP to our growing team in Hub Greater Philadelphia.
“FBP’s reputation and experience will significantly bolster our employee benefits footprint in the Philadelphia marketplace.”
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