Robertson Stephens acquires Blue Blaze Financial

New Jersey-based firm brings $200 million in assets.
SEP 25, 2019
Robertson Stephens Wealth Management, a San Francisco, Calif.-based registered investment adviser, has acquired Blue Blaze Financial Advisors, a five-year-old Holmdel, N.J., RIA managing $200 million. [More: See more adviser moves in InvestmentNews' Advisers on the Move database.] Blue Blaze co-founders Frank Corrado and his son Frankie Corrado will become managing directors and principals at Robertson Stephens, which manages more than $1 billion through four offices in San Francisco, New York, New Jersey and Sun Valley, Idaho. [More: Wells Fargo reps managing $575 million to open RIA]​ The combined firm has 25 employees. Fidelity is the primary custodian for both firms. [Recommended video: Is it time to sell your RIA? One industry expert says yes]

Latest News

Merrill to pay $39 million in cash sweep settlement
Merrill to pay $39 million in cash sweep settlement

The financial advice industry has been facing inquiries into its cash sweep programs for years now.

SEC accuses fund advisor of defrauding SpaceX, OpenAI investors
SEC accuses fund advisor of defrauding SpaceX, OpenAI investors

Investor money allegedly went to strip clubs, exotic cars, and landscaping

RIA moves: Savant enters Thousand Oaks as Procyon lands in New Jersey
RIA moves: Savant enters Thousand Oaks as Procyon lands in New Jersey

Procyon adds $415 million in assets under management in New Jersey while Savant picks up a $213 million Southern California planning firm

Beyond sell or inherit: A third exit for appreciated property
Beyond sell or inherit: A third exit for appreciated property

With a growing number of real estate-rich Baby Boomers aging into retirement, some advisors may be failing to consider all the options available for those clients' assets.

AI marketing adoption gap costs financial firms revenue
AI marketing adoption gap costs financial firms revenue

Cornerstone Advisors study reveals compliance bottlenecks stall campaigns weeks after customer opportunities close.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains