FUNDRAISING NEWS | July 11, 2024
Robertson Stephens Wealth Management has expanded into the Pacific Northwest by acquiring Rain Capital, a registered investment advisory firm in Oregon. Rain Capital, based in Oswego, managed over $360 million in advisory assets as of June. This acquisition marks Robertson Stephens' first office in Oregon.
Rain Capital co-founders David Reichle and Ellen Kim, who have over 25 and 20 years of experience respectively, join Robertson Stephens as managing directors and principals. They are joined by their team members Chris Abbruzzese, Jamie Iversen, Luz Garcia, and Wendy Maroun. With this acquisition, Robertson Stephens' advisory assets have exceeded $6 billion as of June.
The firm now has 21 locations across several states, including California, Colorado, Connecticut, Idaho, Massachusetts, New Jersey, New York, Texas, Washington, Wyoming, and Oregon. This strategic expansion aims to enhance their presence and service offerings in the Pacific Northwest. Robertson Stephens continues to grow its national footprint and asset management capabilities.
To view the press release, click here.
John Washington is the Data Research Analyst at Dakota.
