Robertson Stephens

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.

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

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

• Wealth management services
• Investment advisory
• Financial planning
• Estate planning
• Tax advisory

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices26 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. Flat Fee Retainers: Annual fixed fees negotiated based on size and complexity of the relationship, charged according to the frequency stated in the agreement.
3. Hourly Fees: Hourly rates of $250 to $500 per hour with or without an up-front non-refundable retainer for financial planning services.
4. 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.
5. 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.
6. 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.
7. 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

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core 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

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability2 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• Robertson Stephens Capital Markets, LLCcoreTechnology or IntegrationRobertson 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, LLCcoreTechnology or Integration415 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.coreTechnology or IntegrationSchwab 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)coreTechnology or IntegrationFidelity 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 LLCcoreTechnology or IntegrationPershing 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

Broad 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

• Xtwitter.com/RSWealthAdvisor
• Facebookfacebook.com/RobertsonStephensWealthManagement
• LinkedInlinkedin.com/company/robertson-stephens-wealth-management-
• Instagraminstagram.com/robertsonstephens

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Robertson Stephens