Mega brokerage
Hub International Limited has acquired the assets of Texas-based IPS Advisors, LLP and IPS RIA, LLC (IPS Advisors). Terms of the acquisition were not disclosed.
IPS Advisors is a leading independent life and health benefits brokerage and consulting firm in Texas. It consults clients on corporate employee benefits, 401k retirement plans, executive benefits and actuarial services, as well as life insurance services for business succession planning, estate planning, family offices and high net worth individuals.
“The addition of IPS Advisors will greatly strengthen our retirement and benefits operations in the Metroplex area,” said Martin Yung, president of Hub Texas. “This partnership will benefit all of Hub Texas’ clients and ensure our ability to deliver the most effective, customized solutions to our customers.”
IPS Advisors’ leadership team and staff will join the Hub Texas team, with Randall Martell swapping from co-managing partner of IPS Advisors to leader of the employee benefits practice for Hub Texas. Rod Sager, another co-managing partner of IPS Advisors, is set to lead the life operation at Hub Texas. Both will report to Martin Yung.
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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,” Martell commented.
“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.”
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