IEQ Capital, a New York-based registered investment advisor backed by Stone Point Capital with $25.5 billion in assets under management, has hired two managing directors, both from Certuity.
Daniel Lee, most recently a partner and chief revenue officer at Certuity, will expand IEQ’s existing presence in San Francisco and Los Angeles. Dylan Kremer, former chief investment officer at Certuity, will give IEQ a foothold in Miami. Sam Biscaro, a former associate director at Certuity, is also joining them, serving as a senior associate at IEQ.
This week, Certuity announced it appointed Scott Welch, former CIO at Dynasty Financial Partners, to replace Kremer.
All three joined Certuity from First Republic Bank, the regional bank that failed last spring and was subsequently sold to JPMorgan Chase. At First Republic, Lee grew new assets by about $7 billion, according to a Certuity statement. He also served on the bank’s leadership committee and as regional wealth advisor manager for the Pacific Northwest.
Kremer joined Certuity in 2022 as co-CIO, when the firm was still known as Camden Capital. The RIA rebranded in April 2023.
IEQ was founded in 2019 by Alan Zafran, Eric Harrison, Jeff Westsmith and Rob Skinner, who previously founded and led Luminous Capital, the $5.5 billion RIA that sold to First Republic in 2012 for $120 million.
In 2019, the original Luminous team walked out of First Republic after just a handful of years, taking a reported $17 billion with them, about 12% of First Republic’s wealth management assets at the time. They set up two RIAs: David Hou and Mark Sear created Evoke Wealth in Los Angeles, while the others launched IEQ.
In January 2023, IEQ sold a minority stake to private equity firm Stone Point Capital.