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Financial Advisory  + Direct Investment  + M&As  + RIAs & Financial Advisors  | 
Robertson Stephens Continues Northeast Expansion with $285M NJ RIA

Robertson Stephens Continues Northeast Expansion with $285M NJ RIA

Robertson Stephens Wealth Management, a registered investment advisor better known for its Silicon Valley investment banking arm has expanded its Northeast footprint with the acquisition of Haymarket Wealth Management, a Madison, NJ advisory firm with approximately $285 million in assets.

Haymarket’s Founder, Tom Hagerstrom, will join Robertson Stephens as Managing Director and Principal. The firm now has four offices in the Northeast in New York City, Boston, Holmdel, NJ and Madison.

Hagerstrom founded Haymarket in 2012, having previously worked in investment banking at JPMorgan as well as Guggenheim Partners and Bear Stearns.

Citing cultural similarities, Raj Bhattacharyya, Robertson Stephens CEO, said, ““Tom’s integrated, collaborative and comprehensive approach to wealth management is strongly aligned with Robertson Stephens’ culture of delivering exceptional service as a trusted partner to our clients.”

San Francisco-based Robertson Stephens, which manages over $4.1 billion in assets, has added nine advisor teams since 2020 and 16 teams since launching in 2018 with the backing of private equity firm Long Arc Capital.

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Inside The Story

Robertson Stephens Wealth ManagementHaymarket Wealth Management

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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