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HUB International Ltd. has acquired the operating subsidiaries of TCG Group Holdings LLP, doing business as Trusted Capital Group.
Terms of the transaction were not disclosed.
John Pesce, CEO of TCG, Jeff Montgomery, president, Scott Hauptmann, chief operating officer, Chris Jamail, chief marketing officer, and the TCG team will join Hub Retirement and Private Wealth in Hub Texas.
Austin, Texas-based TCG is an investment and consulting firm that provides financial wellness solutions including wealth management, retirement planning and institutional advisory. TCG manages more than $4.6 billion in assets across plans in the education, local government and small-to-medium business segments.
Chicago, Ill.-based Hub is a global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services.
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