Our Story

Today, Robasciotti & Philipson occupies a top floor suite in San Francisco but our story began many years ago in rural Oroville, California. That’s where I grew up and, as a poor Black girl raised by a single mother, struggled for financial security in a town that was still largely segregated. Despite these challenging experiences, or possibly because of them, I was determined to make a better life for myself and my family.

Thankfully, I was smart and I liked math. I graduated high school at 15 years-old and went to the University of California, Berkeley where I studied economics and devoted myself to learning as much as I could about money management. The knowledge I learned opened up new options for me and gave me the ability to make choices that would lead to my financial success. Finding this pathway to financial security was illuminating, but I didn’t want to keep the knowledge to myself. I wanted to use my skills to lift up my community – other women, people of color, and members of the LGBTQ+ community.

After I graduated from Berkeley, I went to work at a large financial firm. I wanted to leverage my unique perspective to help a diverse range of clients, but it wasn’t the right fit. My colleagues didn’t look like me. They didn’t think like me or value the things that I cared about. In fact, they seemed far more preoccupied with selling financial products and the commissions that they brought in. After learning what the larger firms do well and what I wanted to do differently, at the age of 25, I started Robasciotti & Philipson – a wealth management firm with the well-being of its clients, women, people of color, and the LGBTQ+ community, at its core.

Now, after 13 years, we’ve had tremendous success. Our evidence-based investment approach has proved its worth and our wealth management process is renowned for skillfully integrating emotions into financial decision-making. We’ve maintained long-term relationships with an overwhelming majority of our clients, been featured in numerous periodicals, led initiatives that bring more women and people of color into wealth management, and, most recently, were selected for a national advertising campaign that highlights the strength of independent financial advisors. Most importantly, over 80% of our clients are women, over 70% are LGBTQ+, and we are the only firm in the financial industry that is founded, led, and staffed entirely by women, people of color, and members of the LGBTQ+ community. There are no other firms like us. From how we invest to how we hire, our unique identity shines through.

 

 
Rachel J. Robasciotti
Founder, Robasciotti & Philipson