Robertson Stephens

Robertson Stephens
IndustryFinancial services
PredecessorRobertson Stephens & Company
Founded1971
FounderSandy Robertson, Robert Coleman,[1] Paul Stephens and Dean Woodman
Headquarters
San Francisco, California
Area served
San Francisco, New York, Sun Valley, Holmdel, Marin County, Austin, Seattle, Denver and Houston

Robertson Stephens is a wealth management firm serving high net worth individuals and family offices. The firm is registered with the United States Securities and Exchange Commission as an investment advisor.[2]

Robertson Stephens was founded as boutique investment bank, Robertson Stephens & Company. It was among the most active investment banks in the technology sector at the height of the internet boom, underwriting 74 IPOs with a total value of $5.5 billion between 1999 and 2000.[3] Robertson was the lead underwriter of some of the most prominent firms of the 1990s stock boom, including Switchboard, Mapquest, E-Trade and Vericity, as well as retailer Bebe. The firm was closed by its parent company, FleetBoston, in July 2002, as a result of the collapse of the technology sector and the end of the dot-com bubble.[3][4] It had approximately 950 employees at the time it was shuttered.

In February 2013, Robertson Stephens reopened as a wealth advisory firm, Robertson Stephens LLC, providing institutional-level investment management services to individual clients until closing at the end of 2017.[5][6] In January 2018, with sponsorship from private equity firm Long Arc Capital, Robertson Stephens Wealth Management relaunched operations as Robertson Stephens Wealth Management, LLC.[7] As of December 2021, the firm has 62 employees and over $3.9 billion in client assets.[8]

  1. ^ Cohan, Peter (December 1, 2016). "How Theranos's Big Investors Were Taken". Forbes. Retrieved 3 April 2019.
  2. ^ "Robertson Stephens on US SEC". Investment Adviser Public Disclosure.
  3. ^ a b Robertson Stephens to close
  4. ^ "THE MARKETS: Market Place; At Robertson Stephens, a Sale and Empty Desks", The New York Times
  5. ^ Staff. "Robertson Stephens launches as a high net worth wealth management firm". Wealth Adviser. Retrieved February 4, 2013.
  6. ^ Southall, Brooke. "The Robertson Stephens brand revives". RIA Biz. Retrieved March 12, 2013.
  7. ^ "Robertson Stephens Launches With Backing From Long Arc Capital". The Wall Street Journal. Retrieved December 17, 2018.
  8. ^ "M&A, Organic Growth Lift Robertson Stephens AuM To $3.9 Billion". www.familywealthreport.com.