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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
no description available
Joe Piazza: I won't allow any other firm to own us. We don't need anybody's money.

Tim Welsh

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Robertson Stephens

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Joe Piazza

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Mike Tierney

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Andy Blau

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Steve Stovall


Jeff Spears

Jeff Spears

December 4, 2013 — 12:55 AM

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

Stephen Winks

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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April 2, 2024 at 1:28 AM

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February 10, 2023 at 3:39 AM

RIA recap: Bernie Clark promises to 'be there' for coming TDA-Schwab system snafus; Fidelity gets custody win; Vanguard dishes out big tax bill to investors

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November 3, 2022 at 1:59 AM

UBS bets its 'wealth' future on ex-Schwabbie Naureen Hassan, a corporate digital A-lister, who analysts give a fighting chance to transcend PaineWebber's ossified culture

Still a $2-billion cash-flow cow, the Swiss bank's 6,000-broker, US-based wirehouse is milking aging broker relationships with aging investors but needs a new kind of human presence, empathy, mindset and smarts to draw in Gen Z.

July 16, 2022 at 1:35 AM

See more related moves

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



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