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

By Jim Welte, RIA Biz

Brooke’s Note: If Joe Piazza can pull off his vision of reviving a Robertson Stephens brand left for dead, it will be a coup for the ages and for the RIA model. On top of that, Piazza would be doing it all at the age of 70, when most of his ilk have “emeritus” in their title and show up twice a year with a tan and fresh doughnuts. I joined Jim Welte for the initial interview in our office, a few miles from Piazza’s home in Tiburon. Joe is as warm, affable and brimming with a sense of energy as ever but his actions show that he’s also as willing, as ever to make decisions, take charge and get out there. It’s a heck of a story. 

Joe Piazza’s co-venture with LPL Financial to restart a defunct investment banking brand in RIA form is now downplaying LPL as vendor and investor as it aspires to $2 billion in assets by the middle of next year.

The founder of San Francisco-based Robertson Stephens Asset Management added Schwab Advisor Services and Fidelity Institutional Wealth Services to the custodian mix.


Anthony Lindner