Large Producers Shift to First Republic

Posted on February 20th, 2019 at 4:33 PM
Large Producers Shift to First Republic

From the Desk of Jim Eccleston at Eccleston Law LLC:

To provide context for how large the producers acquired by First Republic are, here is the short list of recent hires: a seven-person team was hired with a record of $4.7 million of fees and commissions last year and two wealth management groups out of California who collectively generated $6.7 million, both signed in January. Most recently a $5.5 million team out of New York was hired prior to the President’s Day weekend.

The success is in the numbers. First Republic, which was added to the S&P 500 index late last year, generated 14.8% of its revenue for 2018 from wealth management, up from 13.6% in 2017.

So what will the future hold for First Republic? Only time will tell.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

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