HUB acquires Kornerstone to grow retirement capabilities in California

HUB International has acquired the assets of kornerstone, Inc. (Kornerstone), a California-based firm, for an undisclosed price, in a move to expand its retirement capabilities in California.

Kornerstone, which is headquartered in Chico, caters to individuals and corporations with tailored financial plans and investment advisory services to assist them in defining and achieving their investment and financial objectives.

As of 31 December 2021, Kornerstone is said to have 150 clients with assets of over $560 million. The company’s president Eric Blofsky and the rest of the team will join Hub Central & Northern California (CNC).

Eric Blofsky will report to Hub CNC’s president Darren Caesar.

Kornerstone is expected to gain access to HUB International‘s technology, risk management services, specialists, and other resources to grow the retirement program relationships with their existing customers and explore opportunities to expand their offering with property and casualty insurance and employee benefits.