Robertson Stephens Wealth Management is making its maiden foray into the greater Chicago market as it establishes ties with a North Barrington-domiciled RIA.
Robertson Stephens announced Tuesday that it is acquiring CAFG Private Wealth, a North Barrington-based registered investment advisor managing over $240 million in assets.
With its latest deal in the Midwest, Robertson Stephens' total assets under management have risen more than $7 billion across 24 locations nationwide.
The acquisition, Robertson Stephens’ fifth deal of 2024 – including notable mergers in Colorado, Oregon, and Connecticut – will also see CAFG Private Wealth founder Tom Chernesky joining Robertson Stephens as a managing director and principal, alongside his team members John Dorn, Megan Mikusa, and Dan Zarzynski.
The new office in North Barrington represents Robertson Stephens' expansion into a strategic region, according to CEO Raj Bhattacharyya.
"CAFG has built an excellent practice by providing each client with a lifetime of financial guidance through personalized financial planning," Bhattacharyya said in a statement. "They are a perfect fit and a great addition to the firm."
The acquisition is intended to combine CAFG’s client-focused approach with Robertson Stephens’ broader wealth management resources, which Chernesky said would be a plus for both his team and their clients.
"We believe this merger with Robertson Stephens allows us to stay at the forefront of technology, open new investment opportunities to our clients, and deliver the best possible wealth solution tailored to our clients' needs," Chernesky said, stresssing that CAFG’s commitment to providing personalized service will remain central to the team’s approach.
The firm now operates in multiple wealth hubs across the US, including key financial hubs like New York, San Francisco, Boston, and West Palm Beach.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Two C-level leaders reveal the new time-saving tools they've implemented and what advisors are doing with their newly freed-up hours.
The RIA led by Merrill Lynch veteran John Thiel is helping its advisors take part in the growing trend toward fee-based annuities.
Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
