Hub International Acquires Millennium

INVESTMENT MANAGEMENT DEALS BLOG

October 28, 2021

On September 7, 2021, Hub International Limited announced an agreement to acquire Millennium Advisory Services, Inc.

Under the terms of the agreement, Hub International Limited (“Hub”) will acquire Millennium Advisory Services, Inc. (“Millennium”). Paul Hunt and Steve Anderson, co-founders of Millennium, will join Hub Retirement and Private Wealth (“Hub RPW”). Further terms of the agreement were not disclosed.

Hub, based in Chicago, is a full-service global insurance broker providing risk management, insurance, employee benefits, retirement and wealth management products and services. Hub RPW provides retirement and institutional services to not-for-profit and for-profit organizations and customized private wealth management services to families and individuals. Hub RPW has $105 billion in assets under advisement.

Millennium, based in Virginia, is a fee-only financial planning and asset management firm focusing 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.

To read the press release: please click here.