M&A, Organic Growth Lift Robertson Stephens AuM To $3.9 Billion

Editorial Staff

26 January 2022

San Francisco-based Robertson Stephens Wealth Management announced that six new advisor teams joined its embrace during 2021, while organic growth also helped assets under management rise to about $3.9 billion.

The firm, which added four new offices in 2021, now has a total of 62 employees across 12 offices nationwide, it said in a statement yesterday.

Robertson Stephens said merger and acquisition activity will remain strong this year, with boutique businesses an attractive destination for advisors quitting existing organizations, or as RIAs seek to scale up their operations. As this publication has regularly reported, M&A activity remains strong, although not all industry figures think the trend is always wise.

“As we continue to see an evolution in the industry around personalized values and themes, technological advancements to help improve an advisor’s efficiency, and a changing regulatory framework, it is our job as private wealth managers to offer the most comprehensive investment and wealth planning solutions for our clients,” Raj Bhattacharyya, chief executive of Robertson Stephens, said.

Besides its San Francisco base, Robertson Stephens also operates from Pasadena, Marin County, Santa Rosa ; New York ; Sun Valley and Boise ; Holmdel ; Austin and Houston ; Seattle ; and Denver . It started operations in 2018 with sponsorship from private equity firm Long Arc Capital.