Hub International Acquires Texas-Based IPS Advisors

Chicago-based global insurance brokerage Hub International Limited (Hub) has acquired the assets of IPS Advisors LLP and IPS RIA LLC (IPS Advisors). IPS is headquartered in Dallas, Texas, with offices in Houston, Austin, and Fort Worth.

Terms of the acquisition were not disclosed.

IPS Advisors is an independent life and health benefits brokerage and consulting firm. IPS Advisors consults clients on corporate employee benefits, 401k retirement plans, executive benefits and actuarial services. IPS Advisors also consults on life insurance services for business succession planning, estate planning, family offices and high net worth individuals.

IPS Advisors’ leadership team and staff will join Hub Texas. Randall R. Martell, co-managing partner of IPS Advisors, will lead the employee benefits practice for Hub Texas and Rod Sager, co-managing partner of IPS Advisors, will lead the life operation.

Source: Hub International Limited