Robertson Stephens has introduced a specialized family office practice designed to serve ultra-high-net-worth clients with complex financial needs. Led by Bruce Stewart, an experienced family office executive, the new service bridges the gap between multi-family and single-family office environments.
Stewart, with over 25 years of experience in family office management, will develop a practice targeting families that require more sophisticated investment and wealth management strategies. His previous roles include founding Spartan Risk Solutions and serving as global head of investments for Bank of New York Family Office, where he managed billions in assets.
CEO Raj Bhattacharyya emphasized the strategic importance of this offering, highlighting that clients can access unique, high-value services without the substantial expenses typically associated with establishing a dedicated single-family office. This approach provides a flexible alternative for wealthy families seeking more personalized wealth management solutions.
The new family office practice aims to deliver enhanced capabilities and a specialized approach for clients with increasingly complex financial requirements. By leveraging Stewart's expertise in building and managing family offices, Robertson Stephens is positioning itself as an innovative player in the wealth management landscape.
Stewart's track record includes managing $23 billion in wealth for four families and leading investment teams managing nearly $15 billion in assets. His expertise suggests the potential for significant value creation for Robertson Stephens' select clientele.
This strategic move reflects the evolving needs of ultra-high-net-worth families who require more nuanced and comprehensive wealth management solutions beyond traditional financial services models.
