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Abacus, Robasciotti & Philipson Merge to Create $3.8B RIA


Abacus Wealth Partners, Robasciotti & Philipson Merge to Create $3.8B RIA
The move will allow Robasciotti & Philipson’s co-founders to focus on growing their social justice investing firm, Adasina Social Capital.
Abacus Wealth Partners, a Los Angeles–based registered investment advisor specializing in impact investing, has merged with Robasciotti & Philipson, a San Francisco–headquartered RIA that focuses on social justice investing, creating a $3.8 billion firm.
Robasciotti & Philipson will come under the Abacus name, and the merger will allow its co-founders, Rachel Robasciotti and Maya Philipson, to focus on Adasina Social Capital, their social justice investing firm launched in 2020, and the Adasina Social Justice All Cap Global ETF. Robasciotti and Philipson will serve in part-time strategic roles at Abacus as director of advocacy engagement and strategic advisor, respectively; they will no longer serve their advisory clients on a day-to-day basis. ....

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Abacus Wealth Partners and Social Justice-Aligned Investment Firm, Robasciotti & Philipson, Announce Merger


Abacus Wealth Partners and Social Justice-Aligned Investment Firm, Robasciotti & Philipson, Announce Merger
San Francisco-based R&P will merge with Abacus to expand financial planning access to investors with social justice values
March 03, 2021 12:00 ET
| Source:
Abacus Wealth Partners
Abacus Wealth Partners
Santa Monica, California, UNITED STATES
Los Angeles, March 03, 2021 (GLOBE NEWSWIRE) A merger was announced today between
Abacus Wealth Partners (“Abacus”), an impact-driven financial planning and wealth management firm, and the nationally-acclaimed, social justice-aligned investment firm,
Robasciotti & Philipson (“R&P”), headquartered in San Francisco. Together, the two firms will operate under the Abacus name, and co-founders Rachel Robasciotti and Maya Philipson will now serve on the Abacus team as Director of Advocacy Engagement and Strategic Advisor, respectiv ....

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