First Republic Hires A Monster Team

First Republic acquires a $10 million group, Sal Tiano and team in Florida. Sal leaves JP Morgan after 29 years. The team was managing approximately $2 billion + in assets at JPM. A great win for First Republic.


First Republic has been on a major recruiting binge, recruiting top teams nationally. In 2019, FRB lured two teams from UBS in LA producing about $5 million and $11 million, and another $3.6 million UBS team in New Jersey. They also hired a $16-million group of producers in Washington, DC from Merrill, a $2.5-million team in Palo Alto, Calif., and Wells Fargo Advisor teams in New York and San Diego producing $5.5 million and $4.7 million, respectively.

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