{
  "crd_number": 289977,
  "slug": "robertson-stephens-san-francisco-ca-289977",
  "primary_business_name": "ROBERTSON STEPHENS",
  "legal_name": "ROBERTSON STEPHENS WEALTH MANAGEMENT, LLC",
  "dbas": [],
  "city": "San Francisco",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-10-11",
  "years_registered": 8,
  "period": "2026-10-01",
  "filing_date": "2026-09-04",
  "carried_forward": false,
  "raum_total": 8763969974.0,
  "raum_discretionary": 6992879444.0,
  "raum_non_discretionary": 1771090530.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 118,
  "advisory_employees": 67,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 118625639.0,
      "count": 10
    },
    "individuals": {
      "raum": 379896691.0,
      "count": 980
    },
    "pension_profit_sharing": {
      "raum": 1384275006.0,
      "count": 38
    },
    "high_net_worth_individuals": {
      "raum": 6725097902.0,
      "count": 1256
    },
    "corporations_other_businesses": {
      "raum": 156074736.0,
      "count": 11
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "ID",
    "IL",
    "LA",
    "MA",
    "MD",
    "ME",
    "MT",
    "NC",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OR",
    "PA",
    "RI",
    "SC",
    "SD",
    "TX",
    "VA",
    "WA",
    "WI",
    "WY"
  ],
  "websites": [
    "https://divorceplanningofaustin.com",
    "https://facebook.com/RobertsonStephensWealthManagement",
    "https://facebook.com/divorceplanningofaustin",
    "https://instagram.com/robertsonstephens",
    "https://join.rscapital.com?%2F=",
    "https://linkedin.com/company/robertson-stephens-wealth-management-",
    "https://rscapital.com",
    "https://x.com/RSWealthAdvisor",
    "https://youtube.com/channel/UCZvGtRSFLRL2hqtIYlr8CKg"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/289977",
  "city_as_filed": "SAN FRANCISCO",
  "url": "https://advisorcensus.com/firm/robertson-stephens-san-francisco-ca-289977",
  "display_name": "Robertson Stephens",
  "summary": "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.",
  "citation": "AdvisorCensus. Robertson Stephens (CRD 289977): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "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"
  ],
  "quick_answers": [
    {
      "q": "How is Robertson Stephens compensated?",
      "a": "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)."
    },
    {
      "q": "How much does Robertson Stephens charge?",
      "a": "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); Hourly rate: $250 to $500 an hour (Financial planning services); Flat fee: $500 to $100,000 a year (Financial planning services); Flat fee: $1,000 to $5,000 (Financial planning services); Flat fee: $500 to $10,000 a year (Tax Management Services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Robertson Stephens located?",
      "a": "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)."
    },
    {
      "q": "Is Robertson Stephens registered with the SEC or a state?",
      "a": "Robertson Stephens is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 289977."
    },
    {
      "q": "How much does Robertson Stephens manage?",
      "a": "Robertson Stephens reports $8,763,969,974 in regulatory assets under management in its Form ADV filing dated September 4, 2026 (80% discretionary)."
    },
    {
      "q": "How have Robertson Stephens' assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Robertson Stephens serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does Robertson Stephens use?",
      "a": "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."
    },
    {
      "q": "Does Robertson Stephens report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "What changed in Robertson Stephens' recent Form ADV filings?",
      "a": "In the October 2026 filing data: Registered or notice-filed in WI."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2096245335.0,
      "total_employees": 48,
      "filing_date": "2021-09-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 3930992888.0,
      "total_employees": 62,
      "filing_date": "2022-09-01"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3694032395.0,
      "total_employees": 77,
      "filing_date": "2023-09-13"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 4932272688.0,
      "total_employees": 92,
      "filing_date": "2024-08-08"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 7139384497.0,
      "total_employees": 113,
      "filing_date": "2025-06-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 8763969974.0,
      "total_employees": 118,
      "filing_date": "2026-09-04"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Registered or notice-filed in WI."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "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."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Changed its office addresses in New York, NY.",
        "Added an office in Bellevue, WA."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer lists an office in Houston, TX."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Added an office in Colorado Springs, CO.",
        "Registered or notice-filed in RI."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Added an office in South Kingstown, RI."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.1% to 2% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $250 to $500 an hour (Financial planning services)",
      "Flat fee: $500 to $100,000 a year (Financial planning services)",
      "Flat fee: $1,000 to $5,000 (Financial planning services)",
      "Flat fee: $500 to $10,000 a year (Tax Management Services)"
    ],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.1% to 2% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "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"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $250 to $500 an hour (Financial planning services)"
        ],
        "quotes": [
          "Financial planning fees, when charged separately, will be disclosed in the client agreement. Such fees are negotiable depending on the complexity of the plan and nature of the services (e.g., a one-time vs. ongoing engagement) and are typically charged at either (a) an hourly rate of $250 to $500 per hour"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $500 to $100,000 a year (Financial planning services)"
        ],
        "quotes": [
          "(b) as quarterly flat fee installments totaling $500 to $100,000 per year, or (c) as a flat fee of $2,500 to $50,000 per plan and $1,000 to $5,000 per update"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,000 to $5,000 (Financial planning services)"
        ],
        "quotes": [
          "(b) as quarterly flat fee installments totaling $500 to $100,000 per year, or (c) as a flat fee of $2,500 to $50,000 per plan and $1,000 to $5,000 per update"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $500 to $10,000 a year (Tax Management Services)"
        ],
        "quotes": [
          "Separately charged Tax Management fees are negotiable but generally range from $500 to $10,000 per tax year depending upon the level and scope of the service(s) required and are payable (as disclosed in the agreement with the client) either as a one-time fee or quarterly for ongoing services."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.1,
        2.0
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": null,
          "min": 250.0,
          "max": 500.0,
          "period": "hour",
          "service": "Financial planning services"
        },
        {
          "kind": "flat",
          "amount": null,
          "min": 500.0,
          "max": 100000.0,
          "period": "annual",
          "service": "Financial planning services"
        },
        {
          "kind": "flat",
          "amount": null,
          "min": 1000.0,
          "max": 5000.0,
          "period": "one_time",
          "service": "Financial planning services"
        },
        {
          "kind": "flat",
          "amount": null,
          "min": 500.0,
          "max": 10000.0,
          "period": "annual",
          "service": "Tax Management Services"
        }
      ]
    },
    "quotes": [
      "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",
      "Financial planning fees, when charged separately, will be disclosed in the client agreement. Such fees are negotiable depending on the complexity of the plan and nature of the services (e.g., a one-time vs. ongoing engagement) and are typically charged at either (a) an hourly rate of $250 to $500 per hour",
      "(b) as quarterly flat fee installments totaling $500 to $100,000 per year, or (c) as a flat fee of $2,500 to $50,000 per plan and $1,000 to $5,000 per update",
      "(b) as quarterly flat fee installments totaling $500 to $100,000 per year, or (c) as a flat fee of $2,500 to $50,000 per plan and $1,000 to $5,000 per update",
      "Separately charged Tax Management fees are negotiable but generally range from $500 to $10,000 per tax year depending upon the level and scope of the service(s) required and are payable (as disclosed in the agreement with the client) either as a one-time fee or quarterly for ongoing services."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/robertson-stephens-san-francisco-ca-289977.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 980,
      "fewer_than_5": false,
      "raum": 379896691.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1256,
      "fewer_than_5": false,
      "raum": 6725097902.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 38,
      "fewer_than_5": false,
      "raum": 1384275006.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 10,
      "fewer_than_5": false,
      "raum": 118625639.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 11,
      "fewer_than_5": false,
      "raum": 156074736.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/289977",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}