As Joe Piazza's 'Robertson Stephens' venture gears up for '$40 billion,' he adds Mercer, Addepar, Fidelity and Schwab and subtracts Fortigent

The ex-Goldman Sachs executive draws blood with poaching of rival Presidio Group's Mike Tierney, but his quest for a quick $1-billion of AUM will soon be tested

Author Jim Welte December 3, 2013 at 7:46 PM

2 Comments

Joe Piazza: I won't allow any other firm to own us. We don't need anybody's money.

Tim Welsh

Robertson Stephens

Joe Piazza

Mike Tierney

Andy Blau

Steve Stovall

LPL

Schwab Advisor Services

Fidelity Institutional Wealth Services

Presidio Group

Jeff Spears

December 4, 2013 — 12:55 AM

I wouldn’t underestimate the updated Fortigent reporting supported by their owner LPL.

Stephen Winks

August 24, 2017 — 12:24 PM

There is incredible pent-up demand for expert large scale institutionalized support of professional standing in advisory services. Whoever gets there first to streamline cost with an expert fiduciary construct will be the firm of choice by advisors and the investing public. This is not an extrapolation of conventional brokerage. let's hope Robertson Stephens develops critical mass of like minded advisors which reorder the industry in ways not possible in conventional brokerage. Faster, better, cheaper ! SCW

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Mentioned in this article:

Fidelity
Asset Custodian
Top Executive: Sanjiv Mirchandani

LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold

Nexus Strategy
Consulting Firm
Top Executive: Timothy D. Welsh