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Report: Hub International acquiring retirement-focused investment adviser

Hub International Ltd. has agreed to purchase Global Retirement Partners, InvestmentNews reported.

The reported target, a $40.1 billion registered investment adviser, is LPL Financial Holdings Inc.'s largest retirement-focused branch.

Global Retirement Partners disclosed in a regulatory filing that Hub International will purchase the Global Retirement Partners membership interests on or around Sept. 15. Also, it said CEO Geoff White, COO Russell Frierson and President and Chief Compliance Officer Cosmo Gould will remain.