Robertson Stephens Expands to Chicago with New Acquisition

Robertson Stephens Expands to the Chicago Market

Robertson Stephens Wealth Management, known for its dedication to delivering exceptional financial services, has recently announced its strategic expansion into the Chicago market. This marks a significant milestone for the company as it opens its first office in the area, following the acquisition of CAFG Private Wealth. This acquisition drives home the firm’s commitment to enhancing its presence across the United States.

About the Acquisition of CAFG Private Wealth

CAFG Private Wealth, a respected registered investment advisor with over $240 million in assets under management, is a perfect match for Robertson Stephens. The firm's specialization in comprehensive financial planning and tax preparation aligns seamlessly with Robertson Stephens' mission to provide tailored financial guidance. Under the leadership of founder Tom Chernesky, CAFG has built a reputation for offering personalized service to its clients.

Transition and Leadership

With this acquisition, Tom Chernesky joins Robertson Stephens as a Managing Director. His experienced colleagues, John Dorn, Megan Mikusa, and Dan Zarzynski, will also be part of this transition, ensuring continuity and high-quality service for existing CAFG clients. Raj Bhattacharyya, Chief Executive Officer of Robertson Stephens, has expressed enthusiasm about this expansion, viewing it as an essential step in the firm's growth strategy.

Growth Strategy and Market Focus

Opening this office in Chicago signifies the fifth acquisition for Robertson Stephens in 2024, further building on its impressive portfolio. This growth mirrors the company's objective to serve a broader range of clients while delivering local expertise and integrative financial solutions. Raj Bhattacharyya notes, “We are thrilled to establish our first footprint in the greater Chicago area, a key market for our ongoing expansion.”

Client-Centric Approach

Both Robertson Stephens and CAFG Private Wealth share a mission to provide comprehensive financial services while prioritizing clients' best interests. Tom Chernesky has stated, “By merging with Robertson Stephens, we can enhance our service delivery. The resources and technology at Robertson Stephens will allow us to offer our clients diverse investment opportunities.”

Accessing Wealth Management Resources

Robertson Stephens aims to redefine the wealth management experience, blending institutional-quality investment solutions with personalized wealth planning. This strategic acquisition brings forth not just an increase in assets under management, which has now surpassed $7 billion, but also a promise of innovative financial solutions tailored to clients' specific needs.

Commitment to Fiduciary Standards

As a registered investment advisor, Robertson Stephens adheres to fiduciary standards, ensuring that client interests are always at the forefront. The combination of robust investment strategies and dedicated customer service distinguishes the firm in a competitive market.

About Robertson Stephens

Robertson Stephens Wealth Management, LLC remains committed to transforming clients' wealth management experiences. The firm takes pride in its fiduciary responsibility and strives to deliver comprehensive wealth planning. With newly acquired assets and a growing team, Robertson Stephens enhances its capacity to meet diverse client needs across various markets.

Frequently Asked Questions

What is the key focus of Robertson Stephens' expansion?

Robertson Stephens aims to expand its footprint in important markets, enhancing its service offerings and presence in the Midwest.

Who is Tom Chernesky?

Tom Chernesky is the founder of CAFG Private Wealth and has joined Robertson Stephens as a Managing Director following the acquisition.

What does the acquisition mean for existing CAFG clients?

Existing CAFG clients can expect continuity in services and access to a wider range of wealth management resources upon the merger.

How many locations does Robertson Stephens have now?

With the Chicago office, Robertson Stephens operates in 24 locations across the country.

What is Robertson Stephens' mission?

Robertson Stephens' mission is to provide institutional-quality investment solutions within a fiduciary framework, ensuring client interests are prioritized.

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