CHICAGO — HUB International Limited (Hub), a leading full-service global insurance brokerage and financial services firm, announced today that it has acquired Millennium Advisory Services, Inc. (Millennium Advisory Services). Terms of the transaction were not disclosed.
Located in Glen Allen, Virginia, Millennium Advisory Services is a fee-only financial planning and asset management firm with a specialized focus on providing financial planning advice and investment management services to clients in the field of education including employees of colleges and universities, as well as endowments and foundation boards.
“The team at Millennium strengthens our presence both in Virginia and in the education markets,” said Joe DeNoyior, National President of Hub Retirement and Private Wealth (Hub RPW). “They share our strong commitment to serving clients as evidenced by their 2021 award for Ongoing Investment Education1. We are proud to have them join the Hub RPW team.”
Paul Hunt, Co-Founder and President of Millennium Advisory Services, Steve Anderson, Co-Founder and Vice-President, and the Millennium Advisory Services team will join Hub Retirement and Private Wealth in Hub Mid-Atlantic.
“Joe and the RPW team share our dedication to helping clients achieve financial freedom and save for a successful retirement,” said Hunt.
Hub RPW works to help plan sponsors create an offering that aligns with their business strategy, navigates fiduciary risk and helps employees pursue their financial goals. The several registered investment advisory affiliates in Hub RPW provide investment advisory services to clients whose total assets are approximately $105 billion.
Source: Hub International Limited
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