Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management Investment Company
- Portfolio Management of Pooled Investment Vehicles
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Investment Companies
- Pooled Investment Vehicles
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
- Performance-based Fees
- Other
First Republic Investment Management, Inc. Overview
First Republic Investment Management, Inc. is a fee-based financial advisory firm with its headquarters based in the vibrant city of San Francisco, California. With almost 22 years of experience, they have been offering top-notch financial planning and portfolio management services to both individuals and small businesses. They provide themselves as an insurance broker/agent, providing investment advice to their clients. The company specializes in portfolio management of pooled investment vehicles, portfolio management investment company, and portfolio management for businesses or institutional clients. Along with these services, they also offer pension consulting services as well as selection of other advisors, which adds to the comprehensive range of services they offer. First Republic Investment Management, Inc. has consistently upheld an ethical and transparent business outlook in ensuring their clients’ financial objectives and goals are met. They hold educational seminars and workshops to enhance their clients' knowledge on the constantly-evolving investment market so that they can make informed decisions. All of these services are tailored to meet the individual needs of their clients, ensuring their satisfaction and financial security.
FIRST REPUBLIC INVESTMENT MANAGEMENT, INC. is a financial management firm that serves a diverse range of clients. The firm provides specialized services to its clients, including individuals, high net worth individuals, investment companies, and pooled investment vehicles. In addition, the firm also caters to pension or profit sharing plans, charitable organizations, and other corporate entities not listed. Its team of advisors understands the unique needs and goals of each client and develops tailored investment strategies to maximize returns. When it comes to fee structures, FIRST REPUBLIC INVESTMENT MANAGEMENT offers various options that are dependent on services provided. Clients can choose from percentage of assets under management (AUM), fixed fees, and performance-based fees. The percentage of AUM is calculated based on the total assets that the firm manages on behalf of the client. Fixed fees, on the other hand, are set amounts that the client pays for specific services. Performance-based fees are calculated based on the investment returns achieved for the client. Additionally, there are other types of fees that the firm offers depending on the services provided. FIRST REPUBLIC INVESTMENT MANAGEMENT strives to provide transparent fee structures to its clients, ensuring that they understand the fees and what they are paying for.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for FIRST REPUBLIC INVESTMENT MANAGEMENT, INC. is not explicitly stated in their Part 2 Brochure. However, the brochure notes that FRIM requires a $7,500 annual fee minimum for investment advisory services, which represents less than 3% of the assets under management. Under certain circumstances, FRIM has provided advisory services for less or more than the annual minimum. Employees of FRIM and its affiliates have a reduced minimum fee of $5,000 annually. FRIM reserves the right to adjust or waive the minimum fee and impose an initial set-up fee. Additionally, FRIM offers online investment management through Eagle Invest, which is not subject to the annual fee requirement but has a minimum account size of $5,000.
How This Office Can Help Valley Stream, NY Residents
First Republic Investment Management delivers personalized investment management solutions to clients in Valley Stream, NY, who require assistance with their financial objectives. Their highly skilled and professional advisors analyze a client's current financial landscape, establish appropriate goals, and devise a tailored investment plan to meet their distinct requirements. Living in Valley Stream, NY, clients might require assistance from First Republic Investment Management with a range of financial situations, such as planning for retirement, college education, or wealth preservation. With expert guidance and individualized advice, clients will have access to customized portfolio management strategies and solutions that will assist them in achieving their financial objectives. First Republic Investment Management has an excellent track record of safeguarding their clients' portfolios and delivering exceptional investment performance.
Services Offered by First Republic Investment Management, Inc.
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by First Republic Investment Management, Inc. most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 9 AM–5 PM
- Tue 9 AM–5 PM
- Wed 9 AM–5 PM
- Thu 9 AM–5 PM
- Fri 9 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
First Republic Investment Management, Inc. is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Virgin Islands
Disciplinary History
First Republic Investment Management, Inc. does not have any disclosures. Please visit it's Form ADV for more details.