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First Republic buys Los Angeles wealth management firm

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San Francisco-based First Republic Bank said Friday that it will acquire Los Angeles-based wealth management firm Luminous Capital for an undisclosed cash price. Luminous, with $5.5 billion in assets under management, is a good fit with First Republic Investment Management Inc., a unit of First Republic. Luminous has a Bay…

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Click here to read the full story: SF Business Times

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