This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The New Robertson Stephens Launches As A High Net Worth Wealth Management Firm

Stocks in this article: LPLA

SAN FRANCISCO, March 12, 2013 /PRNewswire/ -- Robertson Stephens Partners LLC announced today that it has commenced operations as the holding company of Robertson Stephens Asset Management LLC and broker-dealer Robertson Stephens Securities LLC, with Joseph Piazza serving as Chairman and CEO.  Both the investment advisor and the broker dealer are not yet registered, but have commenced their respective registration processes. 

"Launching the brand name is our way of paying respect to all of the entrepreneurs who founded the boutique firms of that era," said Piazza. Robertson Stephens Asset Management LLC, which will be the operating company, will provide customized, goal-oriented solutions primarily to individuals and families with $10 million to $100 million in assets, focusing on entrepreneurs from high growth industries including technology, social media and energy.

"Robertson Stephens Asset Management will reflect our commitment to our namesake firm's dedication to individual client needs, combined with our embrace of ultra high net worth solutions that are built for today's world. This means offering an unbiased, highly disciplined and risk-oriented approach to addressing clients' long-term wealth objectives and short-term liquidity needs," said Piazza. "There's been a gap in the market, and many high net worth individuals are looking for sophisticated solutions to fit their dynamic needs, delivered in a conflict-free way. We will focus on providing objective advice with an open architecture platform. We also offer a partnership culture that attracts top advisors and benefits their end clients."

The firm is headquartered at 555 California Street in San Francisco, where Piazza founded the Financial Services Division at Robertson Stephens in 1998 and grew the business to $40 billion in assets and 220 employees by 2002. Prior to joining Robertson, Piazza was a Managing Director at Furman Selz/ING, where he founded the Private Asset Management department, and prior to that was the founder and head of the Private Client Department at Montgomery Securities. Before focusing on asset management, Piazza held senior positions in global financial services firms, including Goldman Sachs.

LPL Financial — the nation's largest independent broker-dealer*, a leading RIA custodian, institutional service provider and a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA) — is providing Robertson Stephens Partners with a broad infrastructure and technology platform as well as access to LPLA's wholly-owned subsidiary Fortigent, a premier provider of asset allocation modeling, portfolio construction, manager due diligence and consolidated reporting.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs