First Republic Investment Management, Inc. is a large advisory firm based in San Francisco. It manages $78.29 billion of regulatory assets for 51,546 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
First Republic Investment Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of First Republic Investment Management, Inc. is $78.29 billion. The firm's AUM has grown by 1096% since the beginning of its operation, and $563.45 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay First Republic Investment Management, Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Katherine August Dewilde is high net worth individuals with 7,329 clients and $44.81 billion of assets under management. Among the 7 most similar advisory firms, First Republic Investment Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $78.29 billion for 13,355 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
First Republic Investment Management also advises several private funds. Namely, fourteen hedge funds, seventeen real estate funds, two other private funds, twenty five private equity funds, and four securitized asset funds. The minimum investment commitment required of non-related persons ranges from $59,999 to $500,000.
The company employs 604 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 465 employees are registered as investment adviser representatives with the state securities authorities.
There are 9 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Katherine August Dewilde has been acting as President since 1 Jan 1999. Christopher J Wolfe joined the executive team most recently as the Director.
The principal office where First Republic Investment Management, Inc. performs its advisory services is located at 111, San Francisco, CA 94111 5602, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 415-392-1400 or by fax 415-262-8731. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at firstrepublic.com/wealthmanagement.