Robertson Stephens
Robertson Stephens Wealth Management is a national, SEC-registered investment advisory firm managing $8.76 billion for high net worth individuals, families, family offices, trusts, retirement plans, and select institutions across 14 states.
- Company typePrivate
- Founded2017
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Robertson Stephens does
Robertson Stephens Wealth Management, LLC is a privately-held, SEC-registered investment advisory firm headquartered at 455 Market Street in San Francisco, founded in 2017 as the modern successor to the original Robertson Stephens tech-focused investment bank of the 1990s. The firm operates as a wholly-owned subsidiary of Robertson Stephens Holdings, LLC, which is majority-owned by private equity sponsor Long Arc Capital LP. It serves primarily high net worth individuals and families, with secondary segments including family offices, trusts and estates, retirement plans, charitable organizations, and a niche practice for artists and creatives.
The firm's offerings are organized around four pillars: independent fiduciary advisory, comprehensive wealth planning (tax, estate, retirement, risk management, insurance, philanthropy), investment management (balancing long-term growth with short-term opportunities and incorporating values-based strategies), and a digital solutions platform featuring custom dashboards, investment monitoring, wealth plan tracking with what-if scenario modeling, and a secure document vault with multi-factor authentication. AUM stood at $8.76 billion as of December 31, 2025 ($6.99B discretionary / $1.77B non-discretionary), distributed across 26 office locations in 14 states. The firm is supported by affiliated broker-dealer Robertson Stephens Capital Markets, LLC and affiliated insurance agency 415 Insurance Solutions, LLC, and uses Charles Schwab, Fidelity, and Pershing as recommended custodians.
Revenue is generated primarily through asset-based advisory fees (disclosed range 0.10% to 2%, billed quarterly), supplemented by negotiated annual fixed retainers, hourly fees of $250–$500 for financial planning, fixed-fee financial planning engagements ($2,500–$50,000 per plan), tax compliance and management services ($500–$10,000 per tax year), and insurance commissions from the affiliated insurance agency. Third-party money manager and sub-advisor fees are passed through separately. The firm has executed three disclosed RIA acquisitions (LFS Wealth Advisors, Vodia Capital, and Ratio Wealth Group) and grew AUM from approximately $4.9 billion pre-Ratio to over $8.7 billion by year-end 2025.
Robertson Stephens firmographics
Firmographics- Name
- Robertson Stephens
- Legal name
- Robertson Stephens Wealth Management, LLC
- Website
- https://rscapital.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Robertson Stephens Wealth Management is a national, SEC-registered investment advisory firm managing $8.76 billion for high net worth individuals, families, family offices, trusts, retirement plans, and select institutions across 14 states.
- Ownership category
- akta.pro rank
Robertson Stephens industry classification
Industry- Product category
- Wealth Management / Investment Advisory Services
- NAICS
- Portfolio Management and Investment Advice (523940), Trust, Fiduciary, and Custody Activities (523991)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Private Banking & UHNW Wealth Advisory (FSAEABAC)
- akta.pro secondary industries
- Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Affluent / Mass-Affluent Private Banking (FSABADAC), Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF), Private Banking Business Owners & Entrepreneur Solutions (Liquidity Events, Pre-IPO) (FSABADAK), Philanthropy & Foundations Advisory (Donor-Advised Funds, Endowments) (FSAAABAH)
Keywords
Where Robertson Stephens is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices26 records
Markets served
Robertson Stephens business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Asset-Based Advisory Fees: Fees charged as a percentage of assets under management based on the value of client assets on the last day of the calendar quarter or average daily balance. Typical range from 0.10% to 2% based on size and complexity of services. Billed quarterly either in advance or arrears.
- Flat Fee Retainers: Annual fixed fees negotiated based on size and complexity of the relationship, charged according to the frequency stated in the agreement.
- Hourly Fees: Hourly rates of $250 to $500 per hour with or without an up-front non-refundable retainer for financial planning services.
- Financial Planning Fees: Quarterly flat fee installments totaling $500 to $100,000 per year, or flat fees of $2,500 to $50,000 per plan and $1,000 to $5,000 per update. Also based on client's marketable net worth.
- Tax Services: Tax compliance services including preparation and filing of tax returns, addressing notices, computing estimated taxes, and representation before taxing authorities. Tax management services range from $500 to $10,000 per tax year.
- Third-Party Manager Fees: Clients are separately responsible for management fees charged by money managers, investment managers, sub-advisors, hedge funds, private equity funds, and fund of funds managed by third parties.
- Insurance Commissions: Some financial professionals are registered representatives or insurance agents who receive commission compensation from the sale of investments or insurance products through affiliated Insurance agency (415 Insurance Solutions) or third-party agencies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Asset-based fees ranging from 0.10% to 2% annually |
| Subscription | Annual | Annual fixed fees negotiated based on relationship size and complexity |
| Subscription | Pay-as-you-go | Hourly rates from $250 to $500 per hour |
| Subscription | Quarterly | Quarterly flat fees from $500 to $100,000 per year |
| Subscription | Pay-as-you-go | Flat planning fees from $2,500 to $50,000 per plan, $1,000 to $5,000 per update |
| Subscription | Pay-as-you-go | Tax management services from $500 to $10,000 per tax year |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Robertson Stephens product offering
Product offeringCore offering
Robertson Stephens Wealth Management is a national registered investment adviser that provides personalized wealth management services through four pillars: independent fiduciary advisory, comprehensive wealth planning, investment management, and a digital solutions platform. The firm serves high net worth individuals and families, family offices, trusts and estates, charitable organizations, and retirement plans with investment advisory, financial planning, tax, estate, and family office services, managing $8.76 billion in client assets as of December 31, 2025.
Product overview
Robertson Stephens Wealth Management is a national wealth management firm offering a comprehensive suite of services centered on four core pillars: Independent Fiduciary Services, Wealth Planning, Investment Management, and Digital Solutions Platform. The firm provides investment advisory services including investment management, investment consulting, pension consulting, portfolio asset allocation, and due diligence on professional money managers. Additional services include financial planning, cash management, tax and estate planning, insurance planning, risk management, retirement planning, family office services, financial reporting, tax compliance, and tax management services. The firm manages $8.76 billion in client assets as of December 31, 2025, with offices across California, Colorado, Connecticut, Florida, Idaho, Illinois, Massachusetts, New Jersey, New York, Oregon, Rhode Island, Texas, Washington, and Wyoming.
Differentiator
Problem solved
Functional benefit
Products and services
- Independent Fiduciary Services
- Wealth Planning
- Investment Management
- Digital Solutions Platform
- Financial Planning
- Retirement Plan Consulting
- Family Office Services
- Tax Compliance Services
- Tax Management Services
- Insurance Planning
Quantifiable outcome
- Exceeding $8 billion in assets under management as of October 2025
- +1 more outcomes
Companies that use Robertson Stephens
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles6 records
Robertson Stephens technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability2 records
Feature5 records
Robertson Stephens partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Robertson Stephens Capital Markets, LLCcoreRobertson Stephens Capital Markets, LLC is an affiliated broker-dealer. Some Robertson Stephens advisors are registered representatives of this broker-dealer and recommend brokerage products to clients through brokerage accounts.
- 415 Insurance Solutions, LLCcore415 Insurance Solutions is an affiliated insurance agency through which some Robertson Stephens employees sell insurance products as licensed insurance agents. Insurance licensed employees receive commission compensation for the sale of these products.
- Charles Schwab & Co., Inc.coreSchwab is a recommended custodian for client assets. Robertson Stephens participates in the Schwab Advisor Services Client Experience Panel. Schwab provides institutional brokerage services, custody, reporting, and related services to Robertson Stephens clients.
- Fidelity (National Financial Services LLC and Fidelity Brokerage Services LLC)coreFidelity is a recommended custodian providing brokerage services and custody of client assets. Access to institutional brokerage services including execution of securities transactions, custody, reporting, and related services.
- Pershing Advisors Solutions LLCcorePershing is a recommended custodian providing brokerage services and custody of client assets. Part of the recommended custodian network along with Schwab and Fidelity.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Robertson Stephens competitors and assessment
Company assessmentBroad incumbents
- Focus Financial Partners: Leading RIA platform/roll-up with $350B+ AUM across hundreds of partner firms. Comparable as an acquirer of RIAs in the same roll-up strategy Robertson pursues, and increasingly a competitor for both advisor talent and acquisition targets.
- J.P. Morgan Private Bank: Global private banking division of JPMorgan serving UHNW and HNW clients with comprehensive wealth management. Competes in the same HNW/UHNW segment with greater scale, full banking capabilities, and global reach — a key incumbent competitor for Robertson's client base.
- Morgan Stanley Private Wealth Management: Wirehouse private wealth division serving HNW/UHNW clients with full-service advisory. Comparable target client and comprehensive wealth offering, but with vastly greater scale, brand recognition, and product capabilities.
- Goldman Sachs Personal Financial Management: Mass-affluent and HNW wealth management arm of Goldman Sachs. Competes for overlapping HNW client base with broader product capabilities, larger brand, and institutional resources — represents a scaled incumbent competing against Robertson's boutique model.
Direct peers
- Fisher Investments: Large independent RIA managing $200B+ primarily for HNW individuals and institutional clients. Comparable as a fee-based RIA competing in the HNW portfolio management space, though with a more centralized investment approach versus Robertson's multi-advisor model.
- Bessemer Trust: Private wealth management firm serving ultra-high-net-worth families with $100B+ in AUM. Highly comparable to Robertson Stephens as a fee-only fiduciary RIA focused on HNW/UHNW families, with similar comprehensive wealth planning, family office services, and multi-generational offerings.
- Mercer Advisors: National RIA with $60B+ AUM serving HNW individuals and families through acquisitions and organic growth. Directly comparable RIA roll-up story, competing for similar client base with comprehensive wealth planning and tax services.
- Pitcairn (Vertuous): Multi-family office and wealth management firm serving HNW families across generations. Comparable in target segment, family-office-style service model, and emphasis on multi-generational wealth planning and trust/estate services.
- Cresset Capital: Private wealth and family office firm with ~$60B AUM serving HNW families and business owners. Closely comparable as an independent, multi-family-office-style RIA competing for the same HNW segment with institutional-quality investment solutions and comprehensive planning.
- Aspiriant: Independent fee-only RIA managing ~$17B for HNW individuals, families, and foundations. Comparable as a pure-play fiduciary RIA with similar client profile, comprehensive wealth planning orientation, and boutique national footprint.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Robertson Stephens social profiles
Digital presenceRobertson Stephens financial estimates
Financial estimateRevenue estimate
Valuation estimate
Robertson Stephens leadership team
Management profileNumber of profiles
Profiles13 records
Robertson Stephens subsidiaries and ownership
Company hierarchySubsidiaries4 records
Robertson Stephens funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Robertson Stephens M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Robertson Stephens
What does Robertson Stephens do?
Robertson Stephens Wealth Management is a national registered investment adviser that provides personalized wealth management services through four pillars: independent fiduciary advisory, comprehensive wealth planning, investment management, and a digital solutions platform. The firm serves high net worth individuals and families, family offices, trusts and estates, charitable organizations, and retirement plans with investment advisory, financial planning, tax, estate, and family office services, managing $8.76 billion in client assets as of December 31, 2025.
Is Robertson Stephens a public or private company?
Robertson Stephens is a private company. It is classified as private equity controlled and is currently operating.
When was Robertson Stephens founded?
Robertson Stephens was founded in 2017. It employs 11 to 50 people.
Where is Robertson Stephens based?
Robertson Stephens is headquartered in San Francisco, United States, in the North America region.
How does Robertson Stephens make money?
Seven revenue lines are on record. Asset-Based Advisory Fees are the primary driver. The others are flat Fee Retainers, hourly Fees, financial Planning Fees, tax Services, third-Party Manager Fees and insurance Commissions.
Who are Robertson Stephens's main competitors?
Broad incumbents on record are Focus Financial Partners, J.P. Morgan Private Bank, Morgan Stanley Private Wealth Management and Goldman Sachs Personal Financial Management. Direct peers are Fisher Investments, Bessemer Trust, Mercer Advisors, Pitcairn (Vertuous), Cresset Capital and Aspiriant.
Does Robertson Stephens have an API?
No public API is recorded for Robertson Stephens.
What industry is Robertson Stephens in?
Robertson Stephens's product category is Wealth Management / Investment Advisory Services. Its primary akta.pro industry code is FSAEABAC, Private Banking & UHNW Wealth Advisory, with a secondary code of FSAAABAD, Advisory Portfolio Management (Non-Discretionary). Its NAICS code is 523940 and its SIC code is 6282.