Articles tagged "Luminous Capital"
UPDATED: In massive break, $17B 'Luminous' team at First Republic departs en masse to form two separate RIAs --in LA and Foster City, Calif.
David Hou, $4.4B, Mark Sear, $2.9B, Robert Skinner, $4.1B, Alan Zafran $3.9 billion and Eric Harrison $1.9B are forming Evoke Wealth in Los Angeles and IEQ Capital in Monterey, Calif.
June 3, 2019 at 6:25 AM
The 10 RIABiz stories advisors connected with most deeply in 2016 and how hubris and humility ran amok in this didn't-see-it-coming year
How did Aequitas swamp CONCERT? Power outages at LPL, Cetera and Wealthfront? Adolescent robo problems? And was that Tony Robbins hawking his money book ... again?
December 28, 2016 at 5:54 PM
First Republic's $70B-plus RIA roll-up loses four top executives as its contract with Luminous team ticks down
Sources say another Great Hou-Sear Escape could be in the offing based on the team's clannish ways when it comes to technology
August 8, 2016 at 8:10 PM
A breakaway artist confesses the 'mistakes' he made in ushering PBIG's Hou-Sear team
With its elevators, synchronized watches, office space hijinks and voice-over IP, Luminous Capital was a virtuoso Merrill Lynch defection but not to Matt Sonnen
March 1, 2016 at 5:56 PM
How the mastermind of the Luminous Capital breakaway is parlaying his cloak-and-dagger skills into 'Pure Financial Independence'
With his wife, Larissa, as sidearm, Matt Sonnen seeks to fulfill a niche for a service level between John Furey and Shirl Penney
January 19, 2016 at 8:38 PM
The hornet's nest that a $25.9-billion AUM RIA owner stepped on and how much it cost
Ex-Merrill Lynch-owned First Republic and buyer of Luminous Capital underestimated the burdens of Dodd-Frank -- and the tolerance of Wall Street analysts
July 17, 2014 at 6:21 PM
Focus Financial goes after $100-million wirehouse brokers after hiring five employees suited to the task
The big New York aggregator will put the brokers through a one-year seasoning process before placing them in RIA foster homes
April 15, 2013 at 5:16 AM
How the Luminous deal is rocking the recruiting world -- and may set the stage for more fireworks
The former Merrill stars effected an outsized cash deal with First Republic, proving that independence can have monetary rewards to match the psychic ones
November 8, 2012 at 4:39 AM
A $5.5 billion LA-based RIA is getting purchased by First Republic Bank
Luminous Capital has gone from a 2008 Merrill Lynch breakaway to a big bank puzzle piece in 2012
November 5, 2012 at 7:04 AM
Fearless Merrill Lynch team breaks away with $1 billion in broad daylight
Paul Pagnato and David Karp started their day in Washington DC and ended up in Reston, Va.
August 2, 2011 at 5:58 AM
U.S. Trust seeks to add hundreds of wealth managers with West Coast-facing poaching campaign
The challenges are obvious, but with Thong Nguyen directing the effort, the Old Money bank stands a chance in the land of nouveau riche, analysts say
January 3, 2011 at 2:39 PM
Luminous Capital makes partners of on-the-loose former Shepherd Kaplan wealth managers
Adding Malloy and Conte was not part of the big LA-based RIA's carefully scripted plans
October 18, 2010 at 4:36 AM
How the new 12b(1) fee restrictions could transform the financial advisory industry
Brokers selling 401(k) plans may have another nail driven into their coffin
July 22, 2010 at 3:56 AM
Part II: The things 11 through 20 that show the RIA market is really heating up in 2010
Everything from New York Times recognition to accelerating executive hires suggest the RIA realm is getting hot
March 23, 2010 at 5:46 AM
Hou-Sear team applies Goldman Sachs marketing approach in second year as RIAs
Luminous Capital uses intensive cold-calling and a breakaway strategy to augment giant referral flow