Robertson Stephens has announced the hiring of Bruce Stewart to head a new family office service aimed at ultra-high-net-worth clients. This initiative is designed for individuals who find traditional multi-family offices insufficient for their needs but are not prepared to incur the expenses associated with establishing a single-family office. Stewart, with over 25 years of experience in the field, including roles at Spartan Risk Solutions and Bank of New York Family Office, brings a wealth of knowledge to this venture.
The family office service by Robertson Stephens promises to offer unique and highly valuable services that go beyond what is typically available through private banks and multi-family offices. Raj Bhattacharyya, CEO of Robertson Stephens, highlighted the strategic importance of this service, emphasizing its potential to provide clients with sophisticated solutions without the high recurring costs of a single-family office. Stewart's expertise in building and advising single-family offices positions him uniquely to lead this innovative service.
Stewart's previous achievements include managing $23 billion in wealth for four families through Spartan Risk Solutions and leading an investment team at Bank of New York Family Office that managed nearly $15 billion in assets. His extensive experience underscores the capability of Robertson Stephens to deliver a differentiated solution to its clients. Stewart expressed his enthusiasm for the opportunity to develop this service, noting the gap in the market for families with complex needs that are not fully met by existing multi-family office platforms.
This move by Robertson Stephens reflects a growing trend among wealth management firms to cater to the nuanced needs of ultra-high-net-worth individuals. By offering a service that bridges the gap between multi-family and single-family offices, Robertson Stephens is positioning itself as a leader in innovative wealth management solutions. For more information, visit https://rscapital.com/.
