AdvisorCensus / Financial advisors / California / San Francisco / Robertson Stephens
Robertson Stephens
Filed as ROBERTSON STEPHENS · Legal name Robertson Stephens Wealth Management, LLC
Robertson Stephens is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2017, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 4, 2026.
Quick answers
From the filingHow is Robertson Stephens compensated?
On its Form ADV (Item 5.E, October 2026), Robertson Stephens reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
What does Robertson Stephens' brochure say about its fees?
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.1% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Robertson Stephens located?
Robertson Stephens' principal office is in San Francisco, CA, according to its Form ADV; the October 2026 filing also lists 20 other offices (Schedule D, Section 1.F).
Is Robertson Stephens registered with the SEC or a state?
Robertson Stephens is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 289977.
How much does Robertson Stephens manage?
Robertson Stephens reports $8,763,969,974 in regulatory assets under management in its Form ADV filing dated September 4, 2026 (80% discretionary).
How have Robertson Stephens' assets and staff changed since 2021?
In the Form ADV data for Robertson Stephens: Regulatory assets under management: $2,096,245,335 in the October 2021 data and $8,763,969,974 in the October 2026 data, up 318%. Total employees: 48 in October 2021 and 118 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Robertson Stephens serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (1,256); individuals (other than high net worth individuals) (980); pension and profit sharing plans (but not the plan participants or government pension plans) (38).
Which custodians does Robertson Stephens use?
Robertson Stephens' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.
Does Robertson Stephens report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/289977
What changed in Robertson Stephens' recent Form ADV filings?
In the October 2026 filing data: Registered or notice-filed in WI.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.1% to 2% a year (a range, as the brochure states it)
The brochure's wording
Fees for investment management services are negotiable but typically range from 0.10% to 2%, based on the size and complexity of the services required to manage the assets
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$8,763,969,974 as of October 2026, filing dated September 4, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops
Registration and firm details
Items 1, 2, 5- Legal name
- Robertson Stephens Wealth Management, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2017 (8 years)
- Employees
- Total: 118. Performing investment advisory functions: 67.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
20 other offices, as of the October 2026 filing
- States registered or notice-filed
-
31 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $8,763,969,974 | 118 | September 4, 2026 |
| October 2025 | $7,139,384,497 | 113 | June 30, 2025 |
| October 2024 | $4,932,272,688 | 92 | August 8, 2024 |
| October 2023 | $3,694,032,395 | 77 | September 13, 2023 |
| October 2022 | $3,930,992,888 | 62 | September 1, 2022 |
| October 2021 | $2,096,245,335 | 48 | September 30, 2021 |
Regulatory assets under management: $2,096,245,335 in the October 2021 data and $8,763,969,974 in the October 2026 data, up 318%.
Total employees: 48 in October 2021 and 118 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- October 2026
- Registered or notice-filed in WI.
- April 2026
- Employees performing advisory functions went from 63 to 67.
- Regulatory assets under management went from $7,139,384,497 to $8,763,969,974 (+23%).
- Changed its office addresses in Bellevue, WA.
- Changed its office addresses in New York, NY.
- March 2026
- Changed its office addresses in New York, NY.
- Added an office in Bellevue, WA.
- January 2026
- No longer lists an office in Houston, TX.
- December 2025
- Added an office in Colorado Springs, CO.
- Registered or notice-filed in RI.
- November 2025
- Added an office in South Kingstown, RI.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Robertson Stephens (CRD 289977): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/robertson-stephens-san-francisco-ca-289977