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Cresset adds two J.P. Morgan teams overseeing $5B
The two groups were among several former First Republic teams whose exits from J.P. Morgan were announced Friday.
Merrill scores multibillion-dollar team from JPMorgan
The firm is bolstering its presence in Florida by adding a 12-person group managing $3.5 billion in assets.
Dimon says AI could be ‘transformational’
JPMorgan Chase's CEO says AI's impact on the economy could equal that of the steam engine.
Citizens Financial launches private bank to nab wealthy clients of failed lenders
The firm will expand its operations in New York, Boston, San Francisco and Palm Beach, Florida.
JPMorgan tells 1,000 First Republic employees they’re losing their jobs
The bank offered full-time or transitional roles to almost 85% of the nearly 7,000 employees still working at First Republic when it collapsed, and told the rest they wouldn't get offers.
Advisor movement continues to slow, but there’s a bright spot
Despite the broader slowdown in recruiting over the first three months of the year, the RIA and independent broker-dealer channels have continued to bring on experienced advisors at a steady pace.
First Republic advisor joins Certuity
Daniel Lee had been affiliated with First Republic since 2013 and was credited with bringing in $7 billion in assets.
Despite JPMorgan’s recount, dozens of advisors have fled First Republic
JPMorgan now says there were 229 financial advisors in First Republic's wealth management unit when it acquired the bank earlier this week, up from the 150 total its CFO cited Monday.
JPMorgan’s deal for First Republic fuels Dimon’s wealth management ambitions
The failed bank, which had about $290 billion in wealth management assets, will increase JPMorgan’s reach to high-net-worth clients in what it deems attractive locations.
About one-third of First Republic advisors have bolted since March
Meanwhile, any recent recruiting deals First Republic had struck with advisors will remain in place now that the bank has been acquired by JPMorgan Chase.
JPMorgan to acquire failed regional bank First Republic
JPMorgan and the FDIC, which orchestrated the sale, agreed to share the burden of losses, as well as any recoveries, on the firm's single-family and commercial loans.
FDIC asks banks for final bids on First Republic by Sunday
The bidding process could pave the way for a tidier sale of First Republic than the drawn-out auctions that followed the failures of Silicon Valley Bank and Signature Bank last month.
RBC adds First Republic duo managing $400 million
Mark Friedman and Mitchell Peters, who are joining RBC's San Francisco office, had been affiliated with First Republic since 2017.
First Republic plunges on report of buyers for new shares
The firm's advisors have lined up possible purchasers of new shares in the bank as part of a rescue plan.
RBC nabs two First Republic advisors who manage $555 million
Brian Addington will join the firm’s San Francisco office, while Theresa Allen is joining its Newport Beach, California, office.
First Republic grows wealth assets despite advisor departures
The bank's total wealth management assets rose to $289.5 billion in the first quarter, a 6.7% increase from the previous quarter.
Rockefeller hauls in $2.3 billion First Republic group
New York City-based Liberty Wealth Partners is just the latest team to leave First Republic in the wake of the turmoil that struck regional and West Coast banks.
First Republic’s efforts to woo rich clients may be bank’s undoing
The bank attracted wealthy clients with loans that have become a costly hurdle to finding a rescuer.
First Republic team managing $1 billion joins RBC
The trio of advisors will operate as the Todd Halbrook and Adam MacDonald Wealth Management Group in Newport Beach, California.
$10.8 billion First Republic team bolts to Morgan Stanley
The New York City-based Zipper Duarte team generates $12.5 million in annual revenue.
