Rain Capital joins Robertson Stephens, opens
new office in Portland, OR
SAN
FRANCISCO, July 9, 2024 /PRNewswire/ -- Robertson
Stephens Wealth Management, LLC ("Robertson Stephens") has
strategically expanded its presence in the Pacific Northwest by
partnering with Rain Capital, an SEC-registered investment advisor
managing over $360 million in
advisory assets. David Reichle and Ellen Kim, co-founders of Rain Capital, join
Robertson Stephens as Managing Directors & Principals, along
with their colleagues Chris
Abbruzzese, Jamie Iversen,
Luz Garcia, and Wendy Maroun.
With this addition, Robertson Stephens now has crossed
$6 billion in advisory assets across
21 locations in San Francisco,
Marin County, Menlo Park, Santa
Rosa, Pasadena, San Ramon
& Burlingame (CA), New York
(NY), Sun Valley & Boise (ID),
Holmdel & Madison (NJ), Austin
& Houston (TX), Seattle (WA), Denver & Colorado Springs (CO),
Boston (MA), Jackson (WY), Westport (CT) and now Portland (OR).
For more information on Robertson Stephens, please
visit www.rscapital.com.
"I am thrilled to welcome David, Ellen, and their team to
Robertson Stephens. Rain Capital is a highly respected RIA, and its
reputation is driven by its high integrity, deep bench of talent,
and commitment to providing excellent client service. They are the
ideal partner for us, making each of us better and stronger,"
said Raj Bhattacharyya, Chief Executive Officer, Robertson
Stephens. He added, "We're also excited to open our first
office in Oregon and further
bolster our presence in the Pacific Northwest, which continues to
be an ideal growth market for us."
"Over the past 18 months, we have been exploring ways to expand
our capabilities in terms of enhanced market access and deeper
wealth planning. After our extensive due diligence, Robertson
Stephens stood out among the rest for their comprehensive
capabilities, collaborative culture, and values,"
said David Reichle, Managing
Director and Principal of Robertson Stephens. "We believe that
this partnership will elevate our services and provide our clients
deeper wealth planning and investment capabilities with the added
support to run our business."
Ellen Kim, Managing Director
and Principal of Robertson Stephens, also stated, "David
and I believe that this partnership with Robertson Stephens will
enable us to refocus on what's important: our clients. From
operations, compliance, and human resource needs to advanced
technology and growing our presence in the Portland area, all of this additional support
will allow us to further improve our service levels and offer more
to our clients."
David's portfolio management and advisory experience spans more
than 25 years and he brings a seasoned perspective to portfolio
construction and practice management. While at Rain Capital, he was
the Chief Portfolio Strategist and was responsible for the overall
investment philosophy, portfolio construction, and managing client
assets. David was also the firm's Chief Compliance Officer. Prior
to co-founding Rain Capital, David was a co-founder, President and
Chief Investment Officer of one of the early Portland-based RIAs, Pacific Investment
Advisors (PIA). David holds a B.A. in Economics from the
University of Delaware.
Ellen's financial industry background has been broad and deep,
spanning more than 20 years. Prior to co-founding Rain Capital, she
worked with both high-net-worth and ultra-high-net-worth families
in a number of different roles - including advisory, financial
planning, analytics, and performance measurement. While at Rain
Capital, Ellen served as Chief Operating Officer, overseeing the
firm's day-to-day operations. In addition, she provided strategic
leadership for growth, process efficiencies, and client service
elevation initiatives. Ellen holds an M.B.A. in Finance from the
University of Portland and a B.S. in
Finance and HR Management from Portland State
University.
About Robertson Stephens
Robertson Stephens Wealth Management, LLC is an independent
SEC-registered investment advisor. Registration does not imply any
specific level of skill or training and does not constitute an
endorsement of the firm by the Commission. Its mission is to
transform the wealth management experience by delivering
institutional-quality investment solutions, comprehensive wealth
planning, and intelligent digital solutions all within a fiduciary
relationship where the client is our highest priority. Rain Capital
AUM is as of June 2024. Robertson Stephens AUM is as
of June 2024. For more information about Robertson Stephens,
please visit: https://www.rscapital.com
Contact:
Sarah Tremallo
Assistant Vice President
973.850.7342 Direct
908.967.0381 Mobile
JConnelly
JConnelly.com
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SOURCE Robertson Stephens