RIA Leaders: The Price of Independence

In addition, the No. 7 firm on this year's list, Luminous Capital, was in the process last month of selling itself to First Republic Bank reportedly for more than $100 million. Luminous appears on the list because at the time data was measured - using SEC filings from October - the deal had not gone through. In a quiet period because of the pending transaction, the founders of Luminous declined to be interviewed.

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