The WSR Wealth Exemplar Awards for Fee-Based RIA of the Year go to the top three SEC-registered RIA firms that focus primarily on fee-based solutions for clients, working through either W-2 or independent financial advisors, or both. There is a minimum asset level of $250 million.
The original San Francisco-based Robertson Stephens investment bank gained a reputation as a leader among Silicon Valley technology companies in the 1990s, bringing such iconic names as Pixar, E-Trade, Mapquest, Sun Microsystems and Seagate to market.
The firm relaunched in 2018 as a wealth management company, growing from under $500 million in assets under management (AUM) to over $3.5 billion in June of this year, expanding from two original offices to 13 today after adding 12 advisor teams since its inception.
Serving over 600 client households, the firm continues to add expertise including in the areas of ESG, divorce, retirement plan consulting and tax management. The firm attributes its success to emphasis in several areas including piloting new technology, attention to culture and strong branding.
Founded by CEO & President James Bogart six years ago, Bogart Wealth has almost tripled its AUM since the start of the pandemic to over $2 billion and hired 20 new employees to meet its growing needs. The firm now maintains over 1,200 client relationships.
The firm places an emphasis on its workplace culture, health and employee benefits, earning it recognition among InvestmentNews’ 2022 Best Places to Work for Financial Advisors. It has also received numerous other industry accolades as an advisory firm and for its growth accomplishments.
Founded in 1996, employee-owned Coldstream Wealth Management holds $6.1 billion in AUM, with 2,318 client relationships.
The firm completed multiple acquisitions in the Pacific Northwest over the past two years without private equity or outside growth capital, including its $1.4 billion merger with Paracle Advisors.
These acquisitions did not include private equity or outside growth capital, because in the view of the firm, private equity investors place emphasis on the bottom line at the expense of client goals. The firm prefers independence from private equity shareholders to sharpen its focus on and commitment to clients’ financial well-being, and believes its M&A successes demonstrate that other firms can prioritize strategy, culture and values in their transactions.
James Miller, Contributing Editor & Research Analyst at Wealth Solutions Report, can be reached at ContributingEd@wealthsolutionsreport.com