Financial services firm Robertson Stephens has introduced a specialized family office practice designed to meet the complex wealth management needs of select ultra-high-net-worth clients. Led by industry veteran Bruce Stewart, the new service 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, will develop a practice that offers more advanced services than traditional wealth management approaches. His previous leadership roles include managing investments at Bank of New York Family Office and serving as President of BNY Mellon Canada, where he oversaw substantial asset portfolios.
The new family office service addresses a specific market segment of wealthy families who require more sophisticated investment and advisory services. These clients have outgrown standard multi-family office solutions but are hesitant to establish a full single-family office due to significant operational costs and complexity.
Robertson Stephens' CEO Raj Bhattacharyya emphasized the strategic importance of this offering, noting that it provides clients access to unique, high-value services without the extensive financial commitments typically associated with dedicated family offices. The approach allows for customized wealth management strategies that go beyond conventional private banking and multi-family office models.
Stewart's professional background includes founding Spartan Risk Solutions, a consultancy that managed $23 billion in wealth for four families, and holding senior investment leadership positions at major financial institutions. His expertise will be crucial in developing a service that can provide comprehensive, nuanced wealth management for highly complex client portfolios.
The launch represents a strategic expansion for Robertson Stephens, positioning the firm to attract and serve ultra-high-net-worth clients seeking more personalized and advanced wealth management solutions. By offering this specialized family office service, the firm demonstrates its commitment to innovative financial strategies that adapt to the evolving needs of sophisticated investors.
