First Republic Investment Management Inc

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Apollo Global Management Inc

Ode to First Republic | First Republic

FIRST REPUBLIC INVESTMENT MANAGEMENT, INC. reduced their investment in NYSE:APO by 1,029,264 shares. The trade had a 0.14% impact on the equity portfolio. During the quarter, the stock traded for an average price of $54.53.

On 08/17/2022, Apollo Global Management Inc traded for a price of $60.73 per share and a market cap of $34.68Bil. The stock has returned 5.18% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Apollo Global Management Inc hasa price-book ratio of 9.44,a EV-to-Ebitda ratio of 17.04 anda price-sales ratio of 6.14.

The price-to-GF Value ratio is 1.31, earning the stock a GF Value rank of 3.

First Republic Bank Salary Faqs

The average salary for a Wealth Management is $78,141 per year in United States, which is 51% lower than the average First Republic Bank salary of $161,117 per year for this job.

The salary trajectory of a Wealth Management ranges between locations and employers. The salary starts at $68,378 per year and goes up to $68,471 per year for the highest level of seniority.

First Republic Investment Management Review 2022

Patrick VillanovaE. NapoletanoPearly HuangEditorial Note: The content of this article is based on the authors opinions and recommendations alone and is not intended to be a source of investment advice. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company.

Are you looking for a financial advisory firm with access to public and private investment funds? San Francisco-based First Republic Investment Management may be an option for you. The firm, which has offices from coast to coast, manages billions of dollars in client assets and offers various financial planning services.

However, First Republic has paid millions of dollars back to clients in recent years following allegations of misconduct from the U.S. Securities and Exchange Commission . MagnifyMoney is here to break down the firms services and make sense of its regulatory disclosures.

First Republic Investment Management might be best suited for investors who:

  • Can afford the firms $7,500 minimum annual fee
  • Seek access to private funds and alternative investments exposure
  • Value environmental, social and governance principles

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Since The Banks Founding In 1985 First Republic Has Recorded Consistent Growth And Profitability Largely As The Result Of A Careful Credit Culture And An Unwavering Focus On Exceptional Client Service

Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management. First Republic specializes in delivering exceptional, relationship-based service and provides a complete line of products, including residential, commercial and personal loans, deposit services, and private wealth management, including investment, brokerage, insurance, trust and foreign exchange services. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California Portland, Oregon Bellevue, Washington Jackson, Wyoming Palm Beach, Florida Boston, Massachusetts Greenwich, Connecticut and New York, New York.

Publicly traded under the NYSE stock symbol FRC, First Republic is a constituent of the S& P 500 Index and KBW Nasdaq Bank Index. The Bank exceeds all of the current regulatory guidelines to be well capitalized and is a member of the Federal Deposit Insurance Corp. and an Equal Housing Lender.

Stock Price:

You’re now leaving First Republic

Yes. First Republic Bank observes a quiet period as the team prepares to release quarterly and annual earnings. This begins following the 15th of the last month each quarter and continues until earnings results are publicly announced. During this period, First Republic refrains from answering inquiries about business performance and related matters.

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Gradifi And Recent Events

In the years leading up to 2016, the bank’s private wealth management unit acquired advisory teams such as Constellation Wealth Partners. By April 2016, First Republic had opened branches at the and headquarters in Silicon Valley. It also had various high-profile customers.Barron’s in September 2016 decided to list First Republic Bank at 21 on its list of America’s Top 40 Wealth Management Firms. By December 2016, First Republic Bank had $68 billion in assets.

In December 2016, the bank acquired Gradifi, a startup in Boston, for an unknown cash amount. Then two years old, Gradifi works with companies to help their employees pay off student debt, and First Republic had become a client in August 2016. Becoming a wholly owned subsidiary of First Republic, Gradifi continues to operate in Boston under its own name. Gradifi retained its customer base including PricewaterhouseCoopers, Natixis Global Asset Management and Penguin Random House.

Remaining a large American bank, in March 2018, the bank invested in CommonBond, a student loan financier. First Republic announced it would expand into Jackson, Wyoming in May 2018 with a new branch. Also that month, First Republic signed a deal to double its space at Rockefeller Center in New York City.

A Peek Behind The Curtains Of These Two Firms Demonstrates How The Right Combination Of Features Has Created A Best

It seems as though every week we read about another billion-dollar-plus team leaving the likes of Merrill Lynch, UBS, Morgan Stanley GS to join First Republic Wealth Management or Rockefeller Capital Management.

In a world of more choice than ever, top advisors seem drawn to the formula that these firms offera best-of-both-worlds model with a boutique quality that gives advisors the support and infrastructure of a big firm combined with a sense of independence and control.

Yet fully understanding their appeal starts by looking at where they came from and where they are today.

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Not Sure Which Advisor Is Right For You Use Our Matching Tool

Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor.

The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC andFINRA. To report any data inconsistencies or errors, please contact.

The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm, and financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAssetâs profiles.

This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.

Find An Advisor Who Will Work Directly With You

Estate Planning – Setting Your Wealth Transfer Goals | First Republic

Sometimes a big firm may not be able to give you the one-on-one service that you need. That’s where we come in to help match you with great personal financial advisors.

First Republic Investment Management, Inc does not have any disclosures.

Please visit its Form ADV for more details.

First Republic Investment Management, Inc is registered in the following states:

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Key Points That Are Attracting Some Of The Biggest And Best Advisors To This Bank

The value proposition of our firm is built upon being an objective source of knowledge designed to help advisors make sound decisions. Our goal is to serve as connectors to the industry at large, helping advisors through their exploration process without bias or expectation.

So I grappled with writing this piece, because some might take the singular focus on a firm as subjective or even salesy. Thats not my intent whatsoever.

I wrote this as a way of shedding some light on a much-evolved landscape with a new waterfall of legitimate options for advisors considering change. And to answer whats become a flood of questions on this particular firmquestions that increase every time word spreads that another multi-million dollar team has joined them.

The firm Im referring to is First Republic Private Wealtha brand that seemed to come out of nowhere and is now the hottest ticket for some of the biggest teams in the wealth management arena.

So how did this quiet wealth management unit of a bank manage to fly under the radar for so long, only to emerge as the largest corporate RIA that advisors everywhere are talking about?

The back story

Awesome as it all sounds, whats really extraordinary is this: Top advisors are quite discerning and a tough lot. To get them to move at all is exceptional, but to get them to move to a bank and one that is lesser known than the biggest brand names makes the story even more remarkable.

Whats the big attraction?

First Republic Investment Management Inc Brokerage Details

Let us help match you with the right financial advisor for your needs.

  • Portfolio management for individuals and/or small businesses
  • Portfolio management for investment companies
  • Portfolio management for pooled investment vehicles
  • Portfolio management for businesses or institutional clients
  • Pension consulting services

Rene has 13 years of experience.

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How The Models Evolved

First Republic Private Wealth Management

A once under-the-radar wealth management unit, First Republic is now often a top advisors first choicegrowing from $14.5B in assets a decade ago to over $190B in assets today. Its one of the wealth management industrys largest corporate RIAs with more than 100 teams under its umbrella.

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First Republic Investment Management, Inc.

The firms growth has accelerated tremendously in recent years. For example, in 2020 alone, First Republic recruited 8 mega-teams representing a total of $19B in assetswith advisors from Merrill Lynch, J.P. Morgan, Morgan Stanley, Wells Fargo Private Bank and Goldman Sachs. And 2021 kicked off with the onboarding of a large Citigroup team managing nearly $3B in assets.

It was CEO Jim Herberts desire to launch a wealth management franchise decades ago, and now PWM president Bob Thorntons vision and leadership that kick-started the momentum in 2010. With 20 years of previous experience in senior roles at Goldman Sachs, Credit Suisse CS and Deutsche Bank, Bob has guided the transformation of First Republic into a major player in the space.

So what made First Republic a destination of choice amongst top advisors? After all, these folks are a discerning lot who would generally eschew the idea of working for a bank.

Having represented a number of the teams that joined First Republic in the past 5 years, they are attracted to the entrepreneurial culture and aggressive recruiting packages. But its the true referral opportunity from its bankers that makes it the ultimate growth playa winning combination for sure. As Bob shared with me in a podcast interview, over a 3-year period through 2019, Our bankers have averaged more than $5B a year in new assets under management to our advisors. Thats quite significant amongst 100 teams.

Rockefeller Capital Management

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First Republic Investment Management Inc

First Republic Investment Management, Inc. is a financial advisory firm headquartered inSan Francisco, CA.Theymanage $136,818,578,467 in 66,919 accounts andserve the financial needs of clients across 53 states .

  • A percentage of assets under your management
  • Fixed fees
  • Performance-based fees
  • Portfolio management for individuals and/or small businesses
  • Portfolio management for investment companies
  • Portfolio management for pooled investment vehicles
  • Portfolio management for businesses or institutional clients
  • Pension consulting services
  • Selection of other advisers
  • Educational seminars/workshops

Registered States

AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY

6659847

Gavin Abrams is an Investment Advisor Representative working atFirst Republic Investment Management, Inc. in New York, NY and has over 4 yearsof experience in the finance industry.

6782962

William Abrams is an Investment Advisor Representative working atFirst Republic Investment Management, Inc. in San Francisco, CA and has over 5 yearsof experience in the finance industry.

5225683

Neil Adam is an Investment Advisor Representative working atFirst Republic Investment Management, Inc. in Boston, MA and has over 15 yearsof experience in the finance industry.

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Amy Hong Investment Strategy

First Republic Investment Management, Incs portfolio is diversified across 13 sectors.Currently, their heaviest sector is Technology making up 12.1% ofthe total portfolio value.The fund focuses on investments in the United States as51.4% of the portfolio companiesare based in the United States.The majority of the companies in the funds portfolio are large-cap stocks.Stocks with a size of more than $10 billion in market cap make up29% of the total holdings value.On the other hand, small-cap stocks make up only 1.3% of the portfolio.The average market cap of the portfolio companies is close to $34.2 billion.

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$387 Billion Assets Under Management

As of 9th August 2022, First Republic Investment Management, Incs top holding is 4,365,983 shares of Spdr Sp 500 Etf Tr currently worth over $1.65 billion and making up 4.3% of the portfolio value.In addition, the fund holds 10,894,878 shares of Apple Inc worth $1.49 billion, whose value grew 0.4% in the past six months.The third-largest holding is Microsoft worth $1.39 billion and the next is Vanguard Index Fds worth $2 billion, with 9,851,751 shares owned.Currently, First Republic Investment Management, Inc’s portfolio is worth at least $38.7 billion. The total portfolio value may be much higher due to cashassets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Wealth Manager David Loeb Joins First Republic In Florida

Republic CEO explains how to find early investing opportunities

SAN FRANCISCO, August 08, 2022—-First Republic Bank , a leading private bank and wealth management company, today announced that David Loeb has joined First Republic Investment Management.

Loeb was named Managing Director and Wealth Manager. He will provide portfolio management, retirement planning, investment consulting and other wealth management services to individuals, families, nonprofits and private family foundations.

“David Loeb is a successful wealth manager who will be a strong addition to our expanding team in Florida,” said Bob Thornton, President of First Republic Private Wealth Management. “David shares First Republics commitment to exceptional and differentiated client service.”

To learn more about First Republic Private Wealth Management, . To see our growing team of wealth management professionals, .

About First Republic Bank

FRC-G

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Contacts

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Race Ethnicity Religion And Languages

San Francisco has a population, as comprise less than half of the population, 41.9%, down from 92.5% in 1940.As of the 2020 census, the racial makeup and population of San Francisco included: 361,382 , 296,505 , 46,725 , 86,233 , 6,475 and , 3,476 and other and 73,169 persons of other races . There were 136,761 of any race .

In 2010, residents of constituted the largest single ethnic minority group in San Francisco at 21% of the population other large Asian groups include and , with , and many other Asian and Pacific Islander groups represented in the city.The population of Chinese ancestry is most heavily concentrated in Chinatown, , and , whereas are most concentrated in the , as well as in . The is home to a large portion of the city’s Vietnamese population as well as businesses and restaurants, which is known as the city’s Little Saigon.

The principal groups in the city were those of and ancestry. The Hispanic population is most heavily concentrated in the , Tenderloin District, and . The city’s percentage of Hispanic residents is less than half of that of the state.

See also:

Source: US Census and IPUMS USA

As of 2010, 55% of San Francisco residents spoke only at home, while 19% spoke a , 12% , 3% , and 2% . In total, 45% of San Francisco’s population spoke a language at home other than English.

Ethnic clustering

Mass Media And Entertainment

and the rest of the Los Angeles area is a major global center for entertainment, with the ‘s being based in or around the area.

The four major American television broadcast networks all have production facilities and offices in the state. All four, plus the two major Spanish-language networks each have at least two in California, one in Los Angeles and one in the San Francisco Bay Area.

California has nineteen franchises, far more than any other state. The has six major league teams spread in its three major cities: San Francisco, San Jose, and Oakland, while the is home to ten major league franchises. San Diego and Sacramento each have one major league team. The NFL has been hosted in California 12 times at four different stadiums: , the Rose Bowl, Stanford Stadium, and San Diego’s . A thirteenth, , was held at in on February 13, 2022.

California has long had many respected collegiate sports programs. California is home to the oldest college bowl game, the annual , among others.

California is the only U.S. state to have hosted both the and Olympics. The and summer games were held in . in the Lake Tahoe region hosted the . Los Angeles will host the , marking the fourth time that California will have hosted the Olympic Games. Multiple games during the took place in California, with the hosting eight matches , while hosted six matches.

Team

In 2016, California’s K12 public school per-pupil spending was ranked 22nd in the nation .

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