Hub International Acquires The Assets Of Illinois-Based Sheridan Road Financial Llc
Chicago, IL – Hub International announced that it has acquired the assets of Sheridan Road Financial LLC and certain of its affiliates (Sheridan Road), one of the leading ranked institutional retirement consulting and private wealth firms in the country. Terms of the transaction were not disclosed.
Headquartered in Chicago, Illinois, with eight additional offices throughout the U.S., Sheridan Road is an institutional investment consulting and private wealth firm offering investment management, retirement plan expertise, fiduciary services, wealth management, financial and retirement services planning and specialized executive benefit services. Sheridan Road manages more than $14 billion in assets and services of more than 300,000 individuals through its retirement plan and wealth management practices.
“I’m excited to partner with the whole Sheridan Road team, as they have deep experience advising clients on specialized retirement plan, private wealth and investment needs,” said David Reich, Hub’s National President of Retirement Services, Hub International Investment Services. “Their capabilities add depth and breadth to our growing platform of holistic retirement services. Sheridan Road will be an integral part of expanding these services.”
Founder and Chief Executive Officer of Sheridan Road, Daniel Bryant, and Managing Partner, Jim O’Shaughnessy, will join Hub Midwest and report to Mr. Reich and Neil Hughes, Central Region President collaborating heavily with Lerone Sidberry, President and CEO of Hub Midwest. Mr. Bryant was named President, National Sales, Retirement & Private Wealth and Mr. O’Shaughnessy assumes the role of President of Retirement and Private Wealth, Central Region. Sheridan Road’s advisors will be part of Hub International Investment Services Inc., member FINRA/SIPC, and a subsidiary of Hub. They will also maintain their Broker Dealer affiliation with LPL.
“We are extremely excited for this partnership with Hub,” said Mr. Bryant. “Hub is a great cultural fit for us. We share the same dedication to helping Americans retire with their dreams and dignity in place and are both passionate about empowering individuals and families to develop a financial roadmap and help them choose their day to retire. We are also excited about the continuing partnership with LPL and look forward to expanding that relationship going forward.”
