EPIC Retirement Services Acquired by Hub International

Hub International Limited, a global insurance brokerage and financial services firm, announced its third acquisition of the week on Wednesday morning: EPIC Retirement Services Consulting LLC.

Like the deals announced already with Washington Financial and StoneStreet, financial terms of the transaction were not disclosed.

Located in New York, EPIC is an independent investment consulting firm specializing in 401(k), 403(b) and pension plans. The EPIC team was named as a 2017 finalist in the PLANSPONSOR Retirement Plan Adviser of the Year awards program for the small team category. Eva Kalivas, co-founder of EPIC, has earned other industry recognition as a leading women in her field.

“We’re excited to have Eva and her team join the Hub family,” says David Reich, national president, Hub retirement and private wealth. “Eva’s dedication to her clients is a great match for Hub, and we particularly like how EPIC measures their success by measuring their client’s, and their participant’s success.”

Kalivas says she looks forward to leveraging the support Hub will provide. She expects her team to gain powerful new plan advising and financial wellness tools and technology, and will join Hub Northeast, working with Reich and collaborating extensively with Paul Collins, president and CEO of Hub Northeast. 

Sources expect this will not be the last acquisitions by Hub of firms associated with Global Retirement Partners (GRP). Should the series of acquisitions occur as expected, sources say, this would represent another major milestone in the ongoing consolidation and reshaping of the registered investment adviser (RIA) industry.