Carmel city employees can look forward to a new partnership designed to enhance their financial future, as the search for an investment advisor representative came to its conclusion with the selection of HUB International. The firm, poised to support the city’s 457(b) and 401(a) deferred compensation plan, was chosen unanimously in a process reflecting Mayor Sue Finkam’s commitment to the fiscal wellness of the city’s workforce.
The endorsement didn’t come from the mayor’s office alone, various voices chimed in with their support for the selection, including representatives from the fire and police unions along with experts in retirement education, human resources, and finance, all had a say in the critical choice, according to a news release by the
City of Carmel
. “HUB International showed that they can provide unique educational opportunities at the local level,” told the city’s Fraternal Order of Police president Blake Lytle to the City of Carmel, highlighting the firm’s promise for continuous engagement and a treasure of national resources to assist each city employee with their distinct circumstances.
In her conversation with the city, Mayor Finkam emphasized a rigorous selection process where fiscal responsibility, employee service enhancement, and technological innovation were paramount. “We have a strong commitment to continually improve the services and benefits we offer to our dedicated city employees,” the Mayor said to the
City of Carmel website
, implying that the HUB International partnership is a strategic move aligning with the administration’s priority to mold a sound financial future for city employees.
On the other side of the partnership, HUB International is not just waiting in the wings; they’re prepared to take center stage in developing what they describe as a successful retirement plan that bolsters overall financial wellness, “We are most looking forward to working with the city employees to instill confidence in how to achieve their retirement goals,” conveyed Kristi Baker in a statement obtained by the
City of Carmel
, managing partner at HUB International, about the firm’s enthusiasm to ally with the city and its employees. The official start of their services is earmarked for January 2025, once the contract ink has dried, a deal expected to be sealed by the month’s end.
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