First Republic Bank (FRC) in San Francisco has agreed to buy Luminous Capital Holdings Luminous, an independent wealth advisor based in Los Angeles, provides investment advice and asset allocation, including alternative investments, to high-net-worth individuals, family offices and foundations. The advisor had wealth management assets of $5.5 billion at Sept. 30.

Luminous has offices in near San Francisco and Los Angeles and operates in the same markets as the $31 billion-asset First Republic.

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