Robertson Stephens Opens 1st Office in Oregon, Hits $6 Billion in Client Assets
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SAN FRANCISCO, July 9, 2024 ~ Robertson Stephens Wealth Management, LLC ("Robertson Stephens") has recently announced a strategic expansion in the Pacific Northwest through a partnership with Rain Capital, an SEC-registered investment advisor. Rain Capital currently manages over $360 million in advisory assets and is led by co-founders David Reichle and Ellen Kim.

As part of this partnership, Reichle and Kim will join Robertson Stephens as Managing Directors & Principals, along with their colleagues Chris Abbruzzese, Jamie Iversen, Luz Garcia, and Wendy Maroun. This addition brings Robertson Stephens' total advisory assets to over $6 billion across 21 locations in California, New York, Idaho, New Jersey, Texas, Washington, Colorado, Massachusetts, Wyoming, Connecticut and now Oregon.

"We are thrilled to welcome David, Ellen and their team to Robertson Stephens," said Raj Bhattacharyya, Chief Executive Officer of Robertson Stephens. "Rain Capital is highly respected in the industry for their integrity and commitment to providing excellent client service. They are the perfect partner for us as we continue to grow and strengthen our presence in the Pacific Northwest."

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Bhattacharyya also expressed excitement about opening their first office in Oregon as part of this expansion. "The Pacific Northwest has been an ideal growth market for us and we are confident that this partnership will further enhance our capabilities in terms of market access and wealth planning," he added.

Reichle shared his thoughts on the partnership saying that after extensive due diligence they found Robertson Stephens to be the best fit for their firm's growth plans. "We believe that this partnership will elevate our services and provide our clients deeper wealth planning and investment capabilities with the added support to run our business," he said.

Kim echoed Reichle's sentiments stating that partnering with Robertson Stephens will allow them to refocus on their clients' needs. "With additional support in areas such as operations, compliance and technology advancements, we can further improve our service levels and offer more to our clients," she said.

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Reichle brings over 25 years of portfolio management and advisory experience to Robertson Stephens. He was previously the Chief Portfolio Strategist and Chief Compliance Officer at Rain Capital. Prior to co-founding Rain Capital, Reichle was a co-founder, President and Chief Investment Officer of Pacific Investment Advisors (PIA). He holds a B.A. in Economics from the University of Delaware.

Kim's financial industry background spans over 20 years and includes roles in advisory, financial planning, analytics, and performance measurement. She served as the Chief Operating Officer at Rain Capital and was responsible for overseeing the firm's day-to-day operations. Kim holds an M.B.A. in Finance from the University of Portland and a B.S. in Finance and HR Management from Portland State University.

With this partnership, Robertson Stephens is poised to continue its growth trajectory while providing enhanced services to its clients in the Pacific Northwest region. For more information on Robertson Stephens, please visit www.rscapital.com.
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