Hub purchases NY-based EPIC Retirement Services Consulting

Hub | September 19, 2019

With the aim of growing its retirement planning business even further, Hub International has purchased the assets of EPIC Retirement Services Consulting in New York City, NY. Terms of the transaction were not disclosed. Hub’s purchase of EPIC comes after it recently completed the acquisitions of two other retirement planning firms; Washington Financial Group in McLean, VA and StoneStreet Pearl River in Pearl River, NY. EPIC, founded in 1999, is an independent investment consulting firm that specializes in 401(k), 403(b) and pension plans. The firm also offers customized retirement plan solutions and services to plan sponsors, in addition to providing employees with relevant education.

Spotlight

Although the covid19 spread and the subsequent lockdown imposed will adversely impact the life insurers business in the short term, but with likely a change in consumer behavior and rise in demand for pure protection products given the uncertaninties, the medium term to long term impact may turn out to be positive for them.
Insurers can do more to retain customers who are looking to switch providers.

Spotlight

Although the covid19 spread and the subsequent lockdown imposed will adversely impact the life insurers business in the short term, but with likely a change in consumer behavior and rise in demand for pure protection products given the uncertaninties, the medium term to long term impact may turn out to be positive for them.
Insurers can do more to retain customers who are looking to switch providers.

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