First Republic Investment Management, Inc. (San Francisco)

Name: First Republic Investment Management, Inc.
Address: 111, San Francisco, CA, 94111 5602
Telephone: 415-392-1400

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.

First Republic Investment Management: assets under management

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 firm manages $56.13 billion in discretionary accounts and $22.16 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.18 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.71 million.

First Republic Investment Management has custody of $34.84 billion in cash and securities for 5,336 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 34% of the total AUM. The second-largest asset type is state and local bonds, which make up 22% of the firm’s portfolio. Investments in exchange traded securities form 19% of the total invested assets.

Fees & Commissions

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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Katherine August Dewilde serves?

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.

Careers at First Republic Investment Management, Inc.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Katherine August Dewilde	Director	1 Jan 1999	Other	4298050
First Republic Bank	Parent company	1 Jan 1999	75% - 100%	88-0157485
Charles Volkhardt Moore	Chairman	1 Jan 1999	Other	1840462
Arthur Alexander Arnold	Exec. v.p.,treasurer & director	1 Jan 1999	Other	2125413
Henry Williamson Ghriskey	Exec. v.p. & director	1 Jan 1999	Other	1839931
James H. Herbert	Director	1 Jan 1999	Other	4371221
Lawrence Wilkinson Harris	Director	1 Jan 1999	Other	2876771
Gary Graham Pollock	Director	1 Jan 1999	Other	1590194
Jon Sheldon Bull	Director	1 Apr 2002	Other	4331944
Todd David Sullivan	Director	1 Apr 2002	Other	2227367
John Dixon Knox	Director	1 Dec 2003	Other	2171252
Anne Blohm Golden	Director	1 May 2004	Other	224086
Lisa Gail Ryan	Director	1 Jun 2004	Other	4667127
Craig Douglas Pollock	Coo	1 Sep 2004	Other	4629116
James Robert Bloom	Cio	1 Mar 2005	Other	4347029
Robert Lee Thornton	Director and president	1 Dec 2006	Other	1412949
Donna Jean Knight	Chief compliance officer01/2007	1 Jan 2007	Other	1147088
Ken Adam Lerseth	Secretary	1 Jun 2007	Other	1391983
Charles Anthony Christofilis	Chief compliance officer	1 Sep 2007	Other	1518196
Fsb Merrill Lynch Bank & Trust Co.	Owner	1 Sep 2007	75% - 100%	108469
Yale I Kofman	Chief administrative officer	1 Apr 2008	Other	2297270
Gary Graham Pollock	Director	1 Jan 2009	Other	1590194
National Association Bank Of America	Shareholder	1 Nov 2009	75% - 100%	94-1687665
First Republic Bank	Shareholder	1 Jul 2010	75% - 100%	80-0513856
David Charles Tateosian	Director	1 Jul 2010	Other	1605404
Michelle Watson	Director	1 Jul 2010	Other	1810398
Nicolas Robin Gentin	Director	1 Jul 2010	Other	2723366
Susan Cranston Hamilton	Director	1 Jun 2013	Other	6324698
Angela Maren Osborne	Director, coo	1 Aug 2013	Other	4222939
Jonathan Santelli	Deputy general counsel	1 Oct 2013	Other	6306997
Helene J Jepson	Chief compliance officer	1 Nov 2014	Other	4266688
Amy H Hong	Chief compliance officer	1 Jun 2015	Other	4259934
Brian David Riley	Director	1 Jul 2015	Other	2749915
Christopher J Wolfe	Director	1 Jul 2016	Other	2055127

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bank Of America Corporation	Shareholder	1 Dec 1993	75% - 100%	56-0906609
Inc. Merrill Lynch & Co.	Shareholder	1 Sep 2007	75% - 100%	13-2740599
Bac North America Holding Company	Shareholder	1 Oct 2007	75% - 100%	36-3737560
Nb Holdings Corporation	Shareholder	1 Oct 2008	75% - 100%	56-1857749
Bana Holding Corporation	Shareholder	1 Oct 2008	75% - 100%	36-2685437
Bank Of America Corporation	Shareholder	1 Jan 2009	75% - 100%	56-0906609

Based in San Francisco

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.