First Republic adds $500m-plus UBS team
August 12, 2019
Mindy Diamond Quoted
By Jason Bisnoff
First Republic has added a four-person team from UBS to join the firm’s bank branch office in Paramus, New Jersey.
Kieran Lynch, Jack Inserra, Craig Kaufman and Joel Kaufman join First Republic Investment Management after serving as Saddle River Wealth Management at UBS for more than 12 years. The team was producing $3.6m in fees and commissions and managed around $550m at UBS, according to Advisor Hub.
“First Republic has been a master in recruiting and its interest in bringing on top teams hasn’t waned,” said Diamond Consultants CEO Mindy Diamond. “Specific to Paramus, they opened a bank branch there and have wanted to fill it with the right wealth team for a year or two. We have personally had a few teams in front of them. It was surprising it took so long.”