Wealth manager, independent · SAN Francisco, CA
Robertson Stephens
Robertson Stephens Wealth Management, LLC · SEC-registered investment adviser · CRD 289977 · SEC 801-111814
At a glance
Robertson Stephens is an SEC-registered investment adviser based in SAN Francisco, California, with $8.8B in regulatory assets under management as of its Form ADV filed September 4, 2026. It reports 2,236 individual clients, 1,256 of them high-net-worth, holding an average of about $3.2 million each, and 118 employees. That ranks it 119th among the nation’s 5,657 independent wealth management RIAs and 18th of 714 in California. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 415-500-6810LinkedInAs filed on Form ADV
- Regulatory AUM
- $8.8B
- Rank among independent wealth managers
- #119 of 5,657
- Rank among all SEC RIAs
- #1,492 of 17,210
- Rank in California
- #18 of 714
- Individual clients
- 2,236
- High-net-worth clients
- 1,256
- Accounts
- 8,592
- Discretionary
- 80% of AUM
- Employees
- 118
- Advisory staff
- 67
- Offices
- 27
Owners and executives on its Form ADV
- Stuart KatzChief Investment Officer
- Michael J. CurleyChief Compliance Officer
- David WestbrookChief Financial Officer
- Vikram ChughChief Operating Officer
- Rajarshi BhattacharyyaChief Executive Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Robertson Stephens is a hybrid RIA: 27 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Robertson Stephens Capital Markets, LLC.
- Robertson Stephens Capital Markets, LLC ↗CRD 290635
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,256 | $6.7B | 77% |
| Pension and profit sharing plans | 38 | $1.4B | 16% |
| Individuals | 980 | $380M | 4% |
| Corporations or other businesses | 11 | $156M | 2% |
| Charitable organizations | 10 | $119M | 1% |
Disciplinary disclosures
Robertson Stephens reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗
People at Robertson Stephens in our coverage
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The full record on Robertson Stephens
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 464 peers of its type and size
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- Owners and executives, with titles and stakes
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- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in California
All of California →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Parallel Advisors, LLCSAN Francisco | $10B | 4,169 |
| Composition Wealth, LLCLOS Angeles | $9.5B | 3,760 |
| Axxcess Wealth Management, LLCCarlsbad | $8.9B | 9,558 |
| One Capital Management, LLCWestlake Village | $8.5B | 3,468 |
| Bailard, Inc.Foster City | $7.6B | 1,068 |
| NWF Advisory Services IncLOS Angeles | $6.4B | 11,433 |
Background
Questions
How much does Robertson Stephens manage?
Robertson Stephens reports $8.8B in regulatory assets under management across 8,592 accounts, 80% of it on a discretionary basis, on its Form ADV filed September 4, 2026.
How many clients does Robertson Stephens have?
It reports 2,236 individual clients: 1,256 high-net-worth individuals and 980 other individuals. Individuals account for about 81% of its regulatory assets.
Where is Robertson Stephens headquartered?
Its main office is in SAN Francisco, California. It reports 27 offices in total and 118 employees, 67 of whom perform investment advisory functions.
How does Robertson Stephens charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Robertson Stephens use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed September 4, 2026, it reports these amounts held: Charles Schwab ($3.5B); Fidelity ($3.2B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Robertson Stephens a hybrid RIA with a broker-dealer?
Robertson Stephens is a hybrid RIA: 27 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Robertson Stephens Capital Markets, LLC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Robertson Stephens a fiduciary?
As an SEC-registered investment adviser, Robertson Stephens owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 27 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Robertson Stephens’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-04), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →