Hub Acquires NY-based Retirement Planning Firm

Hub International Limited has acquired the assets of New York-based Perennial Pension & Wealth. Terms of the transaction were not disclosed.

Perennial Pension & Wealth provides pension, retirement planning, wealth management services and strategies to organizations and individuals. The acquisition strengthens Hub’s retirement planning and management services, the company said.

Bob Krieger, founder and CEO of Perennial Pension & Wealth, will join Hub Northeast and report to David Reich, national president of Hub Retirement and Private Wealth.

“Perennial Pension & Wealth is committed to understanding the unique needs of their clients, defining their goals and helping them feel more confident about their financial future,” Reich said. “They are a great addition to our advisory team and will enhance our retirement planning and wealth management services for all types of businesses and individuals. We are excited to have Bob Krieger as a resource to our team.”

“I founded Perennial to address the fundamental retirement planning needs that exist in the workforce, and by joining Dave Reich and the Hub team, I believe we will be able to expand our offering and have a greater positive financial impact on many more lives and families,” Krieger said. “We have always been committed to doing the best for our clients, and this partnership with Hub will allow us to expand our resources and commitment to our existing clients. I am excited for the opportunity to help Hub as an industry leader by enhancing their ability to serve their clients with advanced solutions as well.”