Robertson Stephens Introduces Specialized Family Office Service for Ultra-High-Net-Worth Clients

Robertson Stephens, a renowned wealth management firm, has unveiled a specialized family office service aimed at addressing the intricate financial requirements of ultra-high-net-worth individuals. This innovative practice, spearheaded by Bruce Stewart, a seasoned professional with over 25 years in family office management, seeks to fill the void between multi-family and single-family office setups. Stewart's extensive experience, including pivotal roles at Bank of New York Family Office and Toronto Dominion Bank, where he oversaw billions in assets, positions him uniquely to lead this initiative.

CEO Raj Bhattacharyya highlighted the strategic significance of this service, pointing out its ability to deliver bespoke wealth management solutions while circumventing the high costs typically linked with setting up a dedicated single-family office. Stewart's prior venture, Spartan Risk Solutions, where he managed $23 billion in assets for four families, underscores his proficiency in crafting sophisticated financial strategies tailored to elite clients.

The newly introduced service is meticulously designed for clients who find traditional multi-family office platforms insufficient yet are not ready to commit to establishing a single-family office. Stewart emphasized the service's distinctive positioning, catering to families demanding advanced financial strategies and specialized services. This move by Robertson Stephens signifies a deliberate effort to stand out in the competitive wealth management industry by offering a more adaptable and detailed approach to managing significant family wealth, thereby meeting the evolving needs of high-net-worth clients.