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Abacus Wealth merges with social justice RIA Robasciotti & Philipson Co-founders of the RIA Rachel Robasciotti and Maya Philipson will not work with clients at Abacus and will largely spend time managing their ETF. The firm reported $130 million in assets under management. March 3, 2021 Abacus Wealth Partners is upping its social justice and sustainable investing game by merging with San Francisco-based Robasciotti & Philipson. Even though Robasciotti & Philipson, with $130 million under management, pales in comparison to Santa Monica, California-based Abacus’ $3.8 billion, the intangibles of the smaller RIA qualify the deal as a merger, according to Brent Kessel, Abacus co-founder and CEO. While Abacus is already a “values-aligned” advisory firm, Kessel said the RIA’s co-founders Rachel Robasciotti and Maya Philipson bring special expertise and relationships across the spectrum of social, minority and gender justice issues. ....