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Robertson Stephens WM Passes Above $7 Billion AuM Mark With New Deal
This transaction – the financial terms of which were undisclosed – is the fifth the firm has made so far in 2024.
Robertson Stephens Wealth Management – whose CEO was recently interviewed by this news service – has bought greater Chicago area business CAFG Private Wealth. The acquired RIA manages more than $240 million in assets.
Tom Chernesky, founder of CAFG Private Wealth, is joining as a managing director, principal with his colleagues John Dorn, Megan Mikusa, and Dan Zarzynski.
This deal is Robertson Stephens’s fifth acquisition of 2024, and the first in the greater Chicago area. It also has overtaken $7 billion in assets across 24 locations in the US.
“This is a key region for the firm as we continue our growth,” Raj Bhattacharyya, chief executive, Robertson Stephens, said.
See here for a previous acquisition by the firm.
