Hub acquires assets of West Coast RIA
Kornerstone, based in Chico, California, manages $560 million.
Hub International, a Chicago-based insurance broker and wealth manager, has acquired the assets of Kornerstone, a Chico, California-based registered investment adviser managing $560 million.
Kornerstone has become part of Hub’s retirement and private wealth business, which serves retirement plans and individuals. The several RIA affiliates in that Hub unit provide investment advisory services to clients whose total assets approximate $105 billion, the company said in a release.
Kornerstone has 150 clients. Its president, Eric Blofsky, and the rest of the team will join Hub.
[More: Hub acquires $3.4 billion plan consultant]
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