Hub International Expands Wealth Management Services
In a strategic move aimed at solidifying its position within the financial services industry, Hub International Limited has announced its acquisition of Veripax Wealth Management, Inc., based in Folsom, California. This acquisition is set to bolster Hub's wealth management and retirement planning offerings, further enhancing their ability to provide comprehensive financial solutions.
A New Chapter in Wealth Management
On June 9, 2025, Hub International, a prominent global insurance brokerage and financial services firm, detailed their acquisition through a press release. While the exact financial terms of the transaction remain undisclosed, the impact of this merger is expected to be significant. Veripax Wealth Management is recognized as an independent, fee-based financial planning and investment advisory firm that specializes in tailored risk-focused wealth management and strategic financial planning.
Darren Caesar, CEO of Hub Central Northern California (Hub CNC), expressed enthusiasm at the integration of the Veripax team, stating, "The acquisition reflects our continued commitment to delivering comprehensive, long-term financial solutions in the region." With the addition of experienced professionals including owner Jerry Verseput and advisor Brian Wells, Hub anticipates enhancing its clientele's wealth management experiences.
Aligning Visions
The leadership at Hub is particularly optimistic about the client-first mindset embraced by the Veripax team, which they believe aligns seamlessly with Hub's business philosophy. Joe DeNoyior, President of Hub Retirement and Private Wealth, commented on the importance of integrated strategies that support individuals and families in achieving their financial aspirations. "The VWM team enhances our ability to deliver integrated retirement and wealth strategies that support individuals and families, helping them work toward their financial goals with confidence," DeNoyior stated.
With this acquisition, Hub aims to continue strengthening its Retirement Private Wealth practices. This arms the firm with enhanced capabilities to navigate the complexities of fiduciary risk while providing vital financial advice to both retirement plan sponsors and individual clients. The several registered investment advisory affiliates within Hub’s Retirement Private Wealth division currently manage total assets approximating $178 billion, a considerable sum that indicates the scale and importance of their advisory services.
Commitment to Growth
Hub International’s commitment to growth through both organic development and acquisitions illustrates their proactive strategy to expand their geographic footprint and industry expertise. They are determined to remain agile and responsive to the shifting dynamics of the financial services landscape. For clients seeking support for their investment strategies or retirement planning, the recent merger is expected to yield more robust solutions tailored to individual needs.
About Hub International
Hub International is headquartered in Chicago, Illinois, and is a comprehensive global insurance broker and financial services provider. They offer a variety of services including risk management, insurance, employee benefits, and retirement planning. Employing over 19,000 professionals across North America, Hub has crafted a formidable network dedicated to advocating for clients and delivering tailored solutions. With this new acquisition, they continue their mission to prepare clients for the evolving financial landscape of tomorrow. For more information about their services and newest developments, please visit
Hub Media Center.
Conclusion
Incorporating Veripax Wealth Management into their suite of services aligns with Hub International's vision for the future – one where adaptability and comprehensive care serve as cornerstones to their offerings. As they usher in this new collaboration, clients can look forward to enriched financial guidance that addresses both present and future financial needs, ensuring a resilient approach to wealth management.