Hub International Limited, a leading global insurance brokerage and financial services firm, announced that it has acquired the assets of Veripax Wealth Management (VWM). The terms of the transaction were not disclosed.
This move continues to strengthen Hub’s Retirement & Private Wealth practices and its services while also developing more comprehensive financial advice for clients. Hub RPW focuses on retirement plan sponsors and wealth management, creating financial strategies that align business and personal financial objectives and navigate fiduciary risk. The several registered investment advisory affiliates in Hub RPW provide investment advisory services to clients with total assets of approximately $178 billion.
What VWM does: VWM is an independent and fee-based financial planning and investment advisory firm with offices located in Folsom, California. And they specialize in risk-focused wealth management, retirement income planning, and strategic financial planning.
Management transition: Owner Jerry Verseput, Advisor Brian Wells, and the VWM team will join Hub CNC.
KEY QUOTES:
“We’re excited the VWM team is joining Hub, which enables us to expand our services in retirement and wealth management. It reflects our continued commitment to delivering comprehensive, long-term financial solutions in the region.”
Darren Caesar, CEO of Hub Central & Northern California (Hub CNC)
“Jerry and Brian bring extensive planning expertise and a client-first mindset that aligns perfectly with how we serve our clients at Hub. The VWM team enhances our ability to deliver integrated retirement and wealth strategies that support individuals and families, helping them work toward their financial goals with confidence.”
Joe DeNoyior, President of Hub Retirement and Private Wealth (RPW)
