Robertson Stephens has announced the hiring of Bruce Stewart to spearhead the launch of a family office aimed at ultra-high-net-worth individuals. This initiative is designed for clients who find traditional multi-family offices insufficient for their needs but are not prepared to commit to the expenses of a single-family office. Stewart, with his extensive background in advising and building single-family offices, will lead this new service offering.
The family office at Robertson Stephens is set to provide a unique blend of services tailored to the sophisticated needs of its clientele. Raj Bhattacharyya, CEO of Robertson Stephens, highlighted the firm's long-term vision to integrate family office services with its wealth management practice. This move is expected to fill a significant gap in the market, offering clients access to specialized services without the prohibitive costs associated with establishing a single-family office.
Stewart's previous roles include founding Spartan Risk Solutions, where he managed $23 billion in wealth for four families, and serving as the global head of investments for Bank of New York Family Office. His expertise is anticipated to be invaluable in developing Robertson Stephens' family office into a premier service for high-net-worth individuals seeking a more customized approach to wealth management.
Stewart expressed his enthusiasm for the opportunity to build a first-of-its-kind service at Robertson Stephens. He emphasized the growing need among families for services that go beyond what traditional multi-family offices can offer, without the financial burden of a single-family office. This initiative represents a significant step forward in meeting the complex needs of ultra-high-net-worth clients.
For more information on Robertson Stephens and its services, visit https://www.rscapital.com.
