California-based Robertson Stephens Wealth Management has expanded its footprint in the state with the acquisition of Vine Street Wealth Management.
The takeover of Marin County-based Vine Street adds around $150m in assets to Robertson Stephens’ books, increasing the latter’s assets to more than $1.3bn.
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As part of the deal, Vine Street co-founders John Bernabei and Zack Perry will become managing directors at Robertson Stephens. The pair will continue to cater to their current clients.
Bernabei noted: “We are committed to helping our clients grow and protect their wealth. We take their trust very seriously and believe by partnering with Robertson Stephens we can deliver superior client service with their robust wealth management offering.
“We share the same vision and values and are excited for the vast opportunities this partnership will bring.”
Currently, Robertson Stephens has four branches in San Francisco, New York, Sun Valley, and Holmdel. Its staff headcount is 31.
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By GlobalDataRobertson Stephens CEO and CIO Stuart Katz said: “Adding Vine Street to our San Francisco office allows us to deepen our connections in the Bay Area, and we’re tremendously excited to be growing together for years to come.”
Vine Street offers investment management, wealth planning as well as outsourced CFO solutions.
Robertson Stephens offers wealth management solutions for HNWIs and family offices.
