US-based Robertson Stephens Wealth Management has expanded its national footprint with the addition of a new office in Pasadena, California.

Concurrent with the development, the firm has hired Karen McClintock as managing director and principal to lead its Pasadena location.

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McClintock, who specialises in investment management, philanthropic and wealth planning services, adds over $160m in advisory assets to Robertson Stephens.

Dinah Wellington, who has been working with McClintock, will also join the Pasadena office.

Robertson Stephens CEO Raj Bhattacharyya said: “We are extremely excited to have Karen and Dinah on board.

“Karen’s three decades of wealth management experience and her deep commitment to her clients make her an ideal fit for Robertson Stephens and the opening of our office in Southern California, a very important growth market for our firm.

“This addition, along with our recent announcements in Boise and Santa Rosa, has increased our assets under management by over $1bn in the past month and a half.”

As of November 2021, Robertson Stephens manages over $3.6bn in assets.  The firm currently employs 62 staff across its twelve offices, including in San Francisco, New York, Denver, Seattle, and Pasadena.

In April last year, it set up its first Southwestern office in Austin, Texas and appointed Pam Friedman as managing director and principal.

In February 2020, Robertson Stephens acquired Vine Street Wealth Management to expand its presence in California.  The deal added around $150m in assets to its books.

Commenting on the latest development, McClintock said: “I am thrilled to be part of the Robertson Stephens family and establish the firm’s presence in Southern California.

“By joining, I am able to better serve my clients by offering comprehensive wealth planning, rigorous investment management and innovative technology that will better position them in accomplishing their wealth needs and goals.”