Hub acquires assets of West Coast RIA

Hub International, a Chicago-based insurance broker and wealth manager, has acquired the assets of Kornerstone, a Chico, California-based registered investment adviser managing $560 million.

Kornerstone has become part of Hub’s retirement and private wealth business, which serves retirement plans and individuals. The several RIA affiliates in that Hub unit provide investment advisory services to clients whose total assets approximate $105 billion, the company said in a release.

Kornerstone has 150 clients. Its president, Eric Blofsky, and the rest of the team will join Hub.

[More: Hub acquires $3.4 billion plan consultant]

It must be time for active management to shine. Or not

The post Hub acquires assets of West Coast RIA appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
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