Hub acquires assets of $1.6 billion retirement firm

Hub International, a Chicago-based insurance broker and wealth adviser, has acquired the assets of IBG Financial Partners, a Foxborough, Massachusetts-based retirement plan consulting firm that manages about $1.6 billion in plan assets.

Terms of the acquisition were not disclosed.

Peter Vacheron, principal of IBG, and the IBG team will join Hub’s retirement and private wealth unit.

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