CVS just announced they are buying Aetna and a sign of further consolidation in the health care industry. We see consolidation in the retirement plan business so it\u2019s not shocking to see a leading insurance broker decided to enter the retirement plan space.<\/p>\n
Hub International, a leading insurance broker has acquired the assets of Summit Financial Corporation and Summit Financial Insurance Agency, Inc. (Summit).\u00a0 Summit provides plan design, consulting, actuarial, administration and investment-related services for both qualified and non-qualified employer-sponsored retirement plans, as well as, similar services for employee benefit plans.<\/p>\n
When you\u2019re a leading insurance broker with so many relationships with businesses, getting into the retirement place space might be a good idea s long as you\u2019re able to cross-sell. Cross-selling has always been a great idea in the retirement plan business, from personal experience, it\u2019s harder to make it work than you think.<\/p>\n
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