IEQ Capital, a registered investment advisor based in New York 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 named Scott Welchformer 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 then sold to JPMorgan Chase. At First Republic, Lee raised about $7 billion in new assets, according to a Certuity statement. He also served on the bank's management committee and as a regional advisory wealth manager for the Pacific Northwest.

Kremer joined Certuity in 2022 as co-CIO, when the firm was still known as Camden Capital. RIA renamed in April 2023.

IEQ was founded in 2019 by Alan Zafran, Eric Harrison, Jeff Westsmith and Rob Skinner, who previously founded and run Bright capital$5.5 billion RIA that sold to First Republic in 2012 for $120 million.

In 2019, The original Luminous team left the First Republic after just a few years, taking with it a reported $17 billion, about 12% of First Republic's wealth management assets at the time. They created two RIAs: David Hou and Mark Sear created Evoke Wealth in Los Angeles, while the others started IEQ.

In January 2023, IEQ sold a minority stake to private equity firm Stone Point Capital.