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Mark Sear

10 articles

Articles tagged "Mark Sear"

David Hou experienced another seven-year itch and dumped First Republic Bank.

Jun 3, 2019

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.

Alan Zafran: Luminous nearly doubled assets in the past three-and-a half years under First Republic.

Aug 8, 2016

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

Matt Sonnen: I was employee zero at Luminous. I built the firm in the shadows outside of Merrill.

Jan 19, 2016

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

Mark Sear says that referring clients to outside lenders was not working well for his firm.

Nov 8, 2012

First Republic pays a staggering sum for Luminous Capital, sources say, and shifts the breakaway and M&A games in the bargain

Recruiters are getting renewed interest from big wirehouse teams and the $125 million deal shows that breakaway brokers can realize big enterprise value in short order

Mindy Diamond says the Luminous deal shows that the potential payday of selling an RIA far exceeds the transition packages paid by wirehouses and other firms.

Nov 8, 2012

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

David Hou helped lead the biggest-ever Merrill breakaway and now he's part of a long-term deal with First Republic Bank.

Nov 5, 2012

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

David Hou and Mark Sear believe cold calls have a place at an RIA.

Feb 16, 2010

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

Brooke Southall: I asked John, 50, why he didn’t hire a financial advisor and he said that the system was “crooked” and “corrupt.”

Dec 22, 2009

What I learned about E*TRADE, Bank of America, Google and the Bubble Lounge during pre-holiday conversations

Just because a wirehouse broker doesn't win the account doesn't mean that another advisor will

Nov 10, 2009

13 things to know about Bob McCann recruiting his old Merrill Lynch team to UBS

Move signals UBS executive's independence from his bosses back in Switzerland

Thomas McGuirk: I didn't like the person I was during those three months

Oct 5, 2009

The number one obstacle to completing a clean breakaway from a wirehouse

Leading a double life is not for the faint of heart

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Mark Sear

Articles tagged "Mark Sear"

UPDATED: In massive break, $17B 'Luminous' team at First Republic departs en masse to form two separate RIAs --in LA and Foster City, Calif.

First Republic's $70B-plus RIA roll-up loses four top executives as its contract with Luminous team ticks down

How the mastermind of the Luminous Capital breakaway is parlaying his cloak-and-dagger skills into 'Pure Financial Independence'

First Republic pays a staggering sum for Luminous Capital, sources say, and shifts the breakaway and M&A games in the bargain

How the Luminous deal is rocking the recruiting world -- and may set the stage for more fireworks

A $5.5 billion LA-based RIA is getting purchased by First Republic Bank

Hou-Sear team applies Goldman Sachs marketing approach in second year as RIAs

What I learned about E*TRADE, Bank of America, Google and the Bubble Lounge during pre-holiday conversations

13 things to know about Bob McCann recruiting his old Merrill Lynch team to UBS

The number one obstacle to completing a clean breakaway from a wirehouse

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