First Republic Private Wealth Management Review and Overview

First Republic Private Wealth Management offers a range of financial services to high net worth individuals and families.

Their team of experienced wealth managers provides customized investment advice and portfolio management.

They also offer financial planning and wealth transfer services to help clients achieve their long-term goals.

First Republic Private Wealth Management has a strong reputation for delivering exceptional client service and personalized attention.

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First Republic Private Wealth Management is a division of First Republic Bank that offers high-touch, personalized service to individuals and families. They have a team of experienced wealth managers who work closely with clients to understand their unique financial goals and objectives.

Their wealth management services include investment management, retirement planning, estate planning, and more. They also offer access to a wide range of investment products and services, including stocks, bonds, and alternative investments.

First Republic Private Wealth Management has a long history of serving high net worth individuals and families. They have a deep understanding of the complex financial needs of their clients and are able to provide tailored solutions to meet those needs.

Their wealth managers are highly credentialed and experienced professionals who are dedicated to providing exceptional service to their clients. They have a strong track record of helping their clients achieve their financial goals.

First Republic Private Wealth Management is committed to providing the highest level of service to their clients. They strive to build long-term relationships with their clients and to help them achieve their financial objectives.

At First Republic Private Wealth Management, they take a personal approach to wealth management, offering tailored solutions that address each client's unique needs and goals. Their team of experienced advisors works closely with clients to create customized investment strategies.

Their philosophy is centered around building long-term relationships, based on trust and open communication. This approach is reflected in their commitment to providing exceptional service and expertise.

With a focus on delivering high-touch, personalized service, First Republic Private Wealth Management is dedicated to helping clients achieve their financial objectives, whether that's retirement planning, estate planning, or simply enjoying the fruits of their labor.

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At First Republic Private Wealth Management, you'll find a comprehensive range of services designed to meet your unique financial needs. These services include investment management, financial planning, endowment management, brokerage services, trust services, and insurance services.

You can choose to opt for investment management services with one of First Republic's financial advisors or with the firm's online investment platform, Eagle Invest.

Here's a breakdown of the services offered by First Republic Private Wealth Management:

If you're interested in using the firm's online investment platform, Eagle Invest, you'll find it offers lower fees and a lower account minimum compared to the firm's traditional investment management services.

At First Republic Private Wealth Management, they take a tailored approach to investment, drawing from various strategies to meet each client's unique needs. Their in-house asset allocation committee provides expertise to determine the proper asset allocation in your account.

The firm relies on your risk tolerance, time horizon, and goals to make informed investment decisions. This personalized approach ensures that your portfolio is aligned with your individual circumstances.

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First Republic conducts proprietary research on a wide range of securities across asset classes. This research is used in conjunction with macroeconomic forecasts to identify the best value for your portfolio.

The firm's investment philosophy is centered around finding the best value for your portfolio, using a combination of research and forecasting to make informed decisions.

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First Republic Private Wealth Management has a minimum annual fee of $7,500 for investment management services.

To meet this fee minimum, you'll need an account size of at least $500,000, which aligns with the firm's typical fee schedule.

If you want to use the firm's online investment management platform, Eagle Invest, you'll need an account size of at least $10,000.

First Republic Private Wealth Management charges a minimum annual fee of $7,500 for investment management services, which translates to a minimum account size of at least $500,000 to meet this fee minimum.

The firm's fee structure is based on a percentage of your assets under management, paid quarterly in advance. This fee doesn't include extraneous costs like brokerage fees or transaction fees.

For fixed income investments, the fee rate is 0.40% for accounts under $10,000,000, 0.35% for accounts between $10,000,000 and $25,000,000, and 0.30% for accounts over $25,000,000.

For equity and balanced portfolios, the fee rate is 1.50% for the first $2,000,000, 1.25% for accounts between $2,000,000 and $5,000,000, 0.75% for accounts between $5,000,000 and $10,000,000, 0.60% for accounts between $10,000,000 and $25,000,000, and 0.45% for accounts over $25,000,000.

Using First Republic's online investment platform, Eagle Invest, will cost you a flat fee of 0.40% for all assets under management.

Here's a comparison of First Republic's fees with the national median advisory fees:

Note that these estimates only consider the maximum base fees for the services each firm provides, and you may also pay manager fees and other fees, which can vary in amount.

First Republic Private Wealth Management has a couple of disclosures on record with the Securities and Exchange Commission (SEC). One involved an advisory affiliate, and the other involved the SEC's finding that at times between January 2014 and July 2018, the firm purchased, recommended or held for clients mutual fund share classes that paid 12b-1 fees to the firm or affiliated broker-dealer when clients were eligible for share classes of the same funds that were lower cost.

The firm agreed to a censure and cease-and-desist order. They also paid almost $1 million in disgorgement and pre-judgment interest.

This is a reminder that even reputable firms can make mistakes, and it's essential to review their disclosures before investing.

First Republic Private Wealth Management has been involved in some controversies. They have faced criticism for their business practices.

A notable example is the lawsuit filed against them by a client alleging mismanagement of their assets. This highlights concerns about their ability to manage client wealth effectively.

The company's fees have also been a point of contention. According to their fee structure, clients can expect to pay a minimum of 1.75% of their assets under management annually. This is a significant expense for many clients.

The company's investment approach has also raised eyebrows. They have been accused of using a "one-size-fits-all" approach to investing, which may not be suitable for every client's needs.

Their lack of transparency in their investment strategies has also been a concern. Clients have reported difficulty in understanding how their money is being invested.

First Republic Private Wealth Management has faced regulatory scrutiny in the past. They have been fined by regulatory bodies for violating industry rules.

Their reputation has also been damaged by negative reviews from clients. Several clients have reported poor customer service and difficulty in getting their questions answered.

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First Republic Private Wealth Management has a strong presence across the country, with advisors located in major cities such as Boston, New York, and Los Angeles.

Their headquarters are based in San Francisco, which is also home to a team of advisors.

You can find advisors in other locations including Wilmington, Delaware, and Greenwich, Connecticut.

Honolulu, Newport Beach, California, and Palm Beach, Florida also have advisors on hand.

Other locations include Portland, Oregon, San Diego, Santa Barbara, California, and Silicon Valley, California.

Here are the cities where you can find First Republic Private Wealth Management advisors:

First Republic Private Wealth Management is based in San Francisco, California.

First Republic Private Wealth Management has a team of experienced professionals who are dedicated to providing exceptional client service.

Eric Yamin and Keith Caparelli, both Managing Directors and Wealth Managers, lead a four-person team based in Florida and New York. They will provide portfolio management, retirement planning, and other wealth management services to individuals, families, nonprofits, and private family foundations.

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Eric Yamin has over 35 years of wealth management experience and has worked with high net worth individuals and multigenerational families. He previously worked at Morgan Stanley and Oppenheimer & Co. Inc., and has a Bachelor of Arts degree in International Relations from Tufts University.

The team is committed to building strong relationships with their clients and providing personalized solutions to meet their unique needs.

Robert Gehlen is the Managing Director of First Republic Private Wealth Management. He brings a wealth of experience to his role, leading the team with expertise and vision.

First Republic's leadership team is comprised of highly skilled and dedicated professionals who work together to deliver exceptional results.

The Yamin and Caparelli team has joined First Republic Bank, bringing over 45 years of combined wealth management experience to the table.

Eric Yamin, a seasoned wealth manager with over 35 years of experience, has joined the team as a Managing Director and Wealth Manager.

He has a strong background in providing comprehensive family office services and highly customized investment strategies for high net worth individuals and multigenerational families.

Yamin's experience includes working at Morgan Stanley and Oppenheimer & Co. Inc., and he has also been involved in real estate investment banking at Eastdil Secured.

Before joining First Republic, Yamin was actively involved in his local community, founding Cause for Celebration, a charity that supports young children and women living in homeless shelters in New York City.

Keith Caparelli, the other Managing Director and Wealth Manager, has over 10 years of experience providing customized solutions for individuals, families, executives, and business owners.

Caparelli comes from Morgan Stanley, where he was a Vice President and Director of Business Strategy, and he has also worked at UBS as a Wealth Strategy Associate.

He is a CERTIFIED FINANCIAL PLANNER™ professional and has a strong background in finance, with a Bachelor of Science degree from Fordham University.