Robertson Stephens has expanded into the Pacific Northwest as a partnership with a $360 million RIA unlocks its first foothold in Oregon.
Robertson Stephens Wealth Management announced that it is partnering with Rain Capital, bringing its total advisory assets to more than $6 billion across 21 locations nationwide.
Under the partnership, David Reichle and Ellen Kim, co-founders of Rain Capital, will join Robertson Stephens as managing directors and principals, along with their team members Chris Abbruzzese, Jamie Iversen, Luz Garcia, and Wendy Maroun.
Raj Bhattacharyya, CEO of Robertson Stephens, expressed enthusiasm about the new partnership.
"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,” Bhattacharyya said in a statement. “They are the ideal partner for us, making each of us better and stronger.”
Reichle highlighted the thorough selection process that led to the partnership, which took the firm on an 18-month search for “enhanced market access and deeper wealth planning.” Ultimately, they chose Roberston Stephens for its “comprehensive capabilities, collaborative culture, and values.”
"David and I believe that this partnership with Robertson Stephens will enable us to refocus on what's important: our clients,” said Kim, who previously served as COO at Rain Capital.
“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," she added.
Reichle and Kim bring extensive experience to Robertson Stephens, with Reichle having more than 25 years in portfolio management and advisory, including a co-founder, president and CIO role at Pacific Investment Advisors, one of the early Portland-based RIAs.
Kim has over 20 years in the financial industry, covering various roles from advisory to performance measurement as she worked with high-net-worth and ultra-high-net-worth families.
The latest partnership in Oregon extends Robertson Stephen’s growth momentum this year, which includes its addition of a Colorado-based RIA in May and a Connecticut-based practice formerly affiliated with Hightower in March, which vaulted the firm past the $5 billion milestone.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
