Robertson Stephens Wealth Management has strategically expanded its presence in the Pacific Northwest by partnering with Rain Capital (an SEC-registered investment advisor managing over $360 million in advisory assets). And David Reichle and Ellen Kim, co-founders of Rain Capital, join Robertson Stephens as Managing Directors & Principals, along with their colleagues Chris Abbruzzese, Jamie Iversen, Luz Garcia, and Wendy Maroun.
With this addition, Robertson Stephens has now crossed $6 billion in advisory assets across 21 locations in San Francisco, Marin County, Menlo Park, Santa Rosa, Pasadena, San Ramon & Burlingame (CA), New York (NY), Sun Valley & Boise (ID), Holmdel & Madison (NJ), Austin & Houston (TX), Seattle (WA), Denver & Colorado Springs (CO), Boston (MA), Jackson (WY), Westport (CT) and now Portland (OR).
Robertson Stephens’ managing director and principal, David Reichle’s portfolio management and advisory experience spans over 25 years, and he brings a seasoned perspective to portfolio construction and practice management. And while at Rain Capital, he was the Chief Portfolio Strategist and was responsible for the overall investment philosophy, portfolio construction, and managing client assets. David was also the firm’s Chief Compliance Officer. Before co-founding Rain Capital, David was a co-founder, President and Chief Investment Officer of one of the early Portland-based RIAs, Pacific Investment Advisors (PIA). David holds a B.A. in Economics from the University of Delaware.
And Robertson Stephens’ managing director and principal Ellen Kim has a broad background, spanning more than 20 years. Before co-founding Rain Capital, she worked with both high-net-worth and ultra-high-net-worth families in a number of different roles – including advisory, financial planning, analytics, and performance measurement. And while at Rain Capital, Ellen served as Chief Operating Officer, overseeing the firm’s day-to-day operations. In addition, she provided strategic leadership for growth, process efficiencies, and client service elevation initiatives. Ellen holds an M.B.A. in Finance from the University of Portland and a B.S. in Finance and HR Management from Portland State University.
KEY QUOTES:
“I am thrilled to welcome David, Ellen, and their team to Robertson Stephens. Rain Capital is a highly respected RIA, and its reputation is driven by its high integrity, deep bench of talent, and commitment to providing excellent client service. They are the ideal partner for us, making each of us better and stronger. We’re also excited to open our first office in Oregon and further bolster our presence in the Pacific Northwest, which continues to be an ideal growth market for us.”
– Raj Bhattacharyya, Chief Executive Officer, Robertson Stephens
“Over the past 18 months, we have been exploring ways to expand our capabilities in terms of enhanced market access and deeper wealth planning. After our extensive due diligence, Robertson Stephens stood out among the rest for their comprehensive capabilities, collaborative culture, and values. We believe that this partnership will elevate our services and provide our clients deeper wealth planning and investment capabilities with the added support to run our business.”
– David Reichle, Managing Director and Principal of Robertson Stephens
“David and I believe that this partnership with Robertson Stephens will enable us to refocus on what’s important: our clients. From operations, compliance, and human resource needs to advanced technology and growing our presence in the Portland area, all of this additional support will allow us to further improve our service levels and offer more to our clients.”
– Ellen Kim, Managing Director and Principal of Robertson Stephens
