Robertson Stephens Wealth Management LLC, a registered investment advisor headquartered in San Francisco, has acquired Epoch Consulting Group and hired its founder and president, Rick Tasker, as managing director and principal of the firm, according to a news release.
The Santa Rosa, Calif.-based firm Tasker founded three decades ago, which has over $850 million in client assets, provides pension consulting services to retirement plan sponsors and their plan participants.
Tasker said in the release that he was impressed by Robertson Stephens’s extensive wealth management and financial planning business, which he felt would complement his pension plan consulting business.
“I’ve had some very successful firms approach me over the years, but it was Robertson Stephens that won me and my team over,” Tasker said in the news release. “They are a perfect cultural fit—a fiduciary who is innovative, transparent and open-minded, with an offering that strengthens our client relationships and supports our growth.”
Financial details of the transaction were not disclosed. However, under terms of the deal, Tasker will continue to operate his practice in its current Santa Rosa office location under the Robertson Stephens brand name.
Raj Bhattacharyya, CEO of Robertson Stephens, said in the news release that the Epoch deal is the firm’s seventh transaction in just the past three years.
Bhattacharyya said Tasker and his team "are veterans in the pension consulting space within the wealth management business."
“Their experience adds a new area of expertise to our fast-growing firm while launching us into an additional line of business. We are now positioned to offer our clients expertise in all types of retirement plans.”
With this latest addition, Robertson Stephens now has over $3.3 billion in client assets, managed by 55 employees across 11 locations nationwide.