Hub International acquires $8.3 billion RIA

Louisville, Kentucky-based Taylor Advisors specializes in serving financial institutions.

Hub International, a Chicago-based insurance brokerage and financial services firm, has acquired Taylor Advisors, a Louisville, Kentucky-based registered investment advisory firm managing $8.3 billion. Terms of the transaction were not disclosed.

Taylor specializes in financial consulting and investment advisory services for banks and savings and loan associations, and helps financial institutions manage and invest their assets.

“Taylor Advisors will help expand our retirement advisory capabilities and broaden our services to financial institutions,” Joe DeNoyior, president of Hub Retirement and Private Wealth, said in a statement.

The company will become part of Hub’s financial institutions practice within its retirement and wealth management area, which manages $105 billion. Taylor’s management and entire team joined Hub.

[More: Hub builds out digital platform with Insureon deal]