First Republic
First Republic Nabs California Merrill Team, Rockefeller Signs Wells Duo
Merrill pair in Silicon Valley and Wells team in San Francisco were each overseeing about $300 million of customer assets before moving on Friday.
‘Luminous’ Advisors Who Bolted First Republic Keep 88% of Assets
Bank says it expects to retain just $2 billion of the $16 billion managed by flagship wealth team that broker away last month, but will gain relief from reduced compensation costs.
Top Stories of the Week: SEC Approves Reg BI, First Republic Stars Exit, And More TRO Battles
Most popular stories from June 2 to June 8.
First Republic’s Star-Studded ‘Luminous’ Team Goes Independent
Former Merrill Lynch brokers who sold their RIA business to First Republic for $125 million six-and-a-half years ago split on Friday to form two separate advisory firms.
Top Stories of the Week: Morgan Stanley Loses $520K Award, DOL Plans Fiduciary Revival, a Big Merrill Move, and More
Most popular stories from May 18 to May 25.
First Republic Hires $16-Million Merrill Team in Palo Alto
Arif Ahmed, a top new-money generator at Merrill’s private wealth (PBIG) unit, led his Silicon Valley-based team to San Francisco bank on Friday.
First Republic Recruiting Chief Brian Riley Exits
Ex-Merrill regional head who helped engineer California bank’s aggressive recruiting of wirehouse brokers left on Tuesday.
UBS Loses L.A. Manager to First Republic, Merrill Texas Team Joins JPMorgan
Century City manager who spent her career with UBS will manage southern California region for expanding San Francisco bank, while veterans from Merrill and Credit Suisse move to J.P. Morgan in Dallas.
First Republic Recruits J.P. Morgan Securities’ Mike Lee
Lee, who has spent almost a decade apiece at Merrill Lynch, Smith Barney and J.P. Morgan, will be New York business leader for the San Francisco-based bank’s expanding East Coast wealth management activities.
Wells Team in New York Generating $5.5 Million Joins First Republic
Long-time partners George Fuchs and David Schulman, who have worked together since the late 1990s at Dean Witter and Smith Barney, had been serving clients with $1.5 billion at Wells Fargo.
First Republic Lands Big California Producer from UBS
Broker with $2 million in production is second big wirehouse hire in a week to join the San Francisco-based bank.
