# Robertson Stephens

> 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.

- CRD: 289977
- Filed as: ROBERTSON STEPHENS
- Legal name: Robertson Stephens Wealth Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: September 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/289977
- AdvisorCensus page: https://advisorcensus.com/firm/robertson-stephens-san-francisco-ca-289977

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 0.1% to 2% a year (a range, as the brochure states it)

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $8,763,969,974
- Discretionary: $6,992,879,444
- Non-discretionary: $1,771,090,530

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 980 | $379,896,691 |
| High net worth individuals | 1,256 | $6,725,097,902 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 38 | $1,384,275,006 |
| Charitable organizations | 10 | $118,625,639 |
| Corporations or other businesses not listed above | 11 | $156,074,736 |

### 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

### Firm details
- Registered since: 2017 (8 years)
- Employees: 118 total, 67 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Austin, TX
- Bellevue, WA
- Boise, ID
- Burlingame, CA
- Colorado Springs, CO
- Denver, CO
- Holmdel, NJ
- Ketchum, ID
- Lake Oswego, OR
- Lincoln, MA
- Madison, NJ
- Menlo Park, CA
- New York, NY
- North Barrington, IL
- Pasadena, CA
- San Ramon, CA
- Santa Rosa, CA
- South Kingstown, RI
- Westport, CT
- Wilson, WY

### Websites listed on Form ADV (Item 1.I)
- divorceplanningofaustin.com
- join.rscapital.com
- rscapital.com
- Facebook @RobertsonStephensWealthManagement
- Facebook @divorceplanningofaustin
- Instagram @robertsonstephens
- LinkedIn @robertson-stephens-wealth-management-
- X @RSWealthAdvisor
- YouTube @UCZvGtRSFLRL2hqtIYlr8CKg

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,096,245,335 | 48 | September 30, 2021 |
| October 2022 | $3,930,992,888 | 62 | September 1, 2022 |
| October 2023 | $3,694,032,395 | 77 | September 13, 2023 |
| October 2024 | $4,932,272,688 | 92 | August 8, 2024 |
| October 2025 | $7,139,384,497 | 113 | June 30, 2025 |
| October 2026 | $8,763,969,974 | 118 | September 4, 2026 |

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.

## 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Robertson Stephens (CRD 289977): Form ADV filing data as of October 2026.