Robertson Stephens buys Oregon RIA for $360M

Robertson Stephens has expanded its presence in the Pacific Northwest.

The San Francisco RIA said Tuesday it is acquiring Rain Capital, an RIA based in Lake Oswego, Ore., a suburb of nearby Portland. The firm manages about $360 million in assets.

As is customary with most Robertson Stephens deals, the acquisition was structured with a mix of cash and equity, the company said. Specific financial details were not disclosed.

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