Robertson Stephens Expands Wealth Management with Specialized Family Office Service

Robertson Stephens has launched a specialized family office service targeting ultra-high-net-worth clients seeking advanced wealth management solutions. Under the leadership of Bruce Stewart, the newly created family office aims to bridge the gap between multi-family office platforms and single-family office environments.

Stewart, with over 25 years of experience in family office management and investment strategy, brings extensive expertise to the role. Previously, he led investment teams managing billions in assets, including leadership positions at Bank of New York Family Office and Toronto Dominion Bank. At Robertson Stephens, he will develop a practice specifically designed for families with complex financial needs that exceed traditional wealth management services.

The new family office service represents a strategic expansion of Robertson Stephens' wealth management offerings. CEO Raj Bhattacharyya emphasized that the initiative provides clients access to unique, high-value services without the substantial upfront and recurring expenses typically associated with establishing a single-family office.

Stewart's background includes founding Spartan Risk Solutions, a consultancy that managed $23 billion in wealth for four families. His extensive experience positions him to create a sophisticated approach that addresses the nuanced requirements of wealthy clients seeking more personalized investment strategies.

This innovative service model addresses a significant market need for families that have outgrown standard multi-family office capabilities but are not prepared to establish a dedicated single-family office. By offering enhanced capabilities and specialized expertise, Robertson Stephens aims to provide a flexible, cost-effective solution for managing complex wealth management requirements.

The launch underscores a growing trend in wealth management toward more tailored, comprehensive services that can adapt to the evolving financial landscapes of ultra-high-net-worth individuals and families. Robertson Stephens' approach demonstrates a commitment to developing innovative solutions that meet the sophisticated needs of their clientele.