Robertson Stephens Launches Dedicated Family Office Service for Ultra-High-Net-Worth Clients

Robertson Stephens, a wealth management firm, has announced the launch of a dedicated family office service aimed at ultra-high-net-worth clients, marking a significant step in addressing the complex financial needs of this exclusive demographic. The service is designed to offer a nuanced approach to managing intricate financial portfolios, providing solutions that traditional multi-family offices may not be able to deliver.

Leading this innovative initiative is Bruce Stewart, a seasoned financial executive with over 25 years of experience, who has been appointed as the Head of Family Office. Stewart's extensive background includes founding Spartan Risk Solutions, a family-office consultancy where he managed $23 billion in wealth for four families, and holding pivotal roles such as global head of investments at Bank of New York Family Office and President of BNY Mellon Canada.

Raj Bhattacharyya, Chief Executive Officer of Robertson Stephens, underscored the strategic significance of this new service. He pointed out that it enables clients to access bespoke wealth management solutions without the hefty initial and ongoing costs typically involved in setting up a single-family office. This move is seen as a game-changer for families who find themselves at a crossroads, having outgrown traditional multi-family office platforms but are not ready to commit to establishing their own dedicated family office.

Stewart elaborated on the service's unique value proposition, emphasizing its ability to fill a critical gap in the market. By offering sophisticated investment management and customized financial strategies, Robertson Stephens is poised to cater to the evolving needs of ultra-high-net-worth families, ensuring their financial legacies are managed with the utmost care and expertise. This expansion of Robertson Stephens' wealth management capabilities underscores the firm's commitment to providing institutional-quality investment solutions within a fiduciary framework that places client interests at the forefront.