USI Consulting Group, a retirement plan consulting and benefit administration firm owned by USI Insurance Services, has acquired Hooker & Holcombe, a wealth management firm providing integrated actuarial, investment advisory and retirement plan consulting services.
Based in Bloomfield, Conn., H&H employs 68 professionals led by President Richard Sych. The firm has served regional municipal, corporate and nonprofit organizations since 1956, providing solutions for the planning, execution and management of retirement plans. H&H manages around $477.5 million for 67 clients, according to a Form ADV filed in late March.
“H&H has built a strong reputation for delivering effective retirement plan solutions that exceed client expectations,” Sych said in a statement. “We look forward to advancing this longstanding tradition of service excellence through our partnership with USI Consulting Group.”
“We are thrilled to welcome the talented professionals from H&H to the USI family and look forward to strengthening USI’s retirement consulting expertise throughout the country,” added USICG President and CEO Bill Tremko.
Wise Rhino Group, an M&A advisory practice representing retirement and wealth advisory, third-party administration and fintech firms, advised Hooker & Holcombe on the transaction. Terms were not disclosed.
“Hooker & Holcombe has been one of the most well-respected names in actuarial and retirement services for many years,” said Wise Rhino Group’s Peter Campagna. “They have a talented partner group, strong team and continue to provide expert guidance to their very loyal base of institutional clients. Partnering with a dynamic, growing and diversified firm like USI gives the H&H team an expanded base of resources and tools to take their already outstanding service to another level.”
