Robertson Stephens surpasses $10 billion AUM with Milwaukee's Alpha Investment Consulting

Robertson Stephens Wealth Management said its assets under management crossed $10 billion on Tuesday after combining with Alpha Investment Consulting Group of Milwaukee, InvestmentNews reported. The deal brings the San Francisco RIA to 28 advisory teams across 26 offices, adding Milwaukee as its newest location and its first in Wisconsin. The report did not disclose the purchase price or Alpha's assets under management.

Alpha advises foundations, endowments, religious organizations, nonprofit institutions and corporations under a fiduciary standard, according to the report. Bob Bukowski, described as an industry veteran, joins as managing director and principal, with Patrick Pierce, Tony Jones, Dan Strasser, Julia Ramer and Bailey Jordan joining alongside him.

CEO Raj Bhattacharyya said: "Many of our high-net-worth clients serve on boards and investment committees, and adding Bob's team gives us the expertise to serve these organizations directly." He also said the firm was "pleased to build our presence in the Upper Midwest, which positions us well for our next phase of growth."

PWD's records list Robertson Stephens with $8.8 billion in regulatory AUM and 118 employees as of Oct. 17, a different measure from the $10 billion the firm now cites.

DeVoe & Company's third-quarter 2026 Deal Book, as PWD reported Tuesday, put quarterly deal volume down 17% and noted that sellers above $5 billion had already set a full-year record.