Retirement & Wealth M&A

Steve Glasgow, a highly respected financial advisor from Janney Montgomery Scott with more than 20 years of experience in retirement plan consulting and wealth management, joins Hub International. Mr. Glasgow has built a distinguished career helping businesses design and manage retirement plans and advising high-net-worth individuals on investment strategies, financial planning, and wealth preservation. Through this acquisition, Hub will leverage Mr. Glasgow’s expertise in both retirement plan services and wealth management to deliver best-in-class solutions to clients.

Lighthouse Financial, LLC (“Lighthouse” or the “Company”) a leading wealth management firm based in Delaware, was acquired by AssuredPartners, (“Assured” or the “Acquirer”) a premier financial services company headquartered in Florida. MidCap Advisors was the exclusive financial advisor to Lighthouse. The merger between Lighthouse and Assured will enhance their ability to serve clients with a suite of financial and insurance solutions tailored to meet their evolving needs. Founded in 2006, Lighthouse’s business model is to provide a customized portfolio based on an individual’s risk tolerance and goals. The Company consistently pursues protection strategies that will allow access to full market growth while limiting the downside of market shocks. Ken Brackett, Lighthouse’s owner and founder, and his team provide services and products including but not limited to wealth management, tax liability analysis, annuities, investment risk analysis, succession strategies, financial advisory, and financial education. Assured has built an impressive legacy, providing top-notch retirement and wealth advisory services to private clients. Per Business Insurance’s July 2022 edition, the Acquirer was ranked as the 11th largest insurance brokerage of U.S. business in terms of revenue. Assured was also ranked 5th overall in Insurance Journal’s 2022 ranking of P&C agencies whose business is primarily retail (not wholesale). AssuredPartners’ service philosophy, business model, and technology combined with Lighthouse’s loyal and growing list of long-term clients will enable the two entities to gain market share, especially in the northeast market of the U.S., as the overall wealth management industry continues to grow.

MidCap Advisors is pleased to announce that (k)RPG, LLC (“(k)RPG” or the “Company”) was acquired by OneDigital Investment Advisors (“OneDigital”), an industry leading insurance brokerage, financial services, and HR consulting firm based out of Atlanta, Georgia. MidCap served as the exclusive financial advisor to (k)RPG. The Company is based out of Gaithersburg, Maryland and serves families and corporations throughout the country. Their team has over 60 years of industry experience and their client base is accretive to $600M in AUM. Through the transaction, OneDigital has expanded its presence in the Mid-Atlantic region and in the wealth and retirement advisory space. Vincent Morris, President of Retirement and Wealth at OneDigital, will drive core values and services with Walter Zifffer, President of (k)RPG. Both are highly respected individuals that are dedicated to trust and integrity in their service offerings.