Getting Started
If you’d like to invest in the RISE (Return on Investment & Social Equity) Portfolios, you can start by completing the RISE Questionnaire.

If you’re interested in our comprehensive wealth management services, please get in touch with us via email, by sending us a Quick Inquiry, or giving us a call at 415-986-5500. After that, we’ll schedule a phone call for you with one of our wealth managers to see if we’re a good fit.
Absolutely! Just reach out to us and we’ll be happy to provide you with references. In addition, you can ask for references from current clients who are similar to your demographic (for example, if you are under the age of 35, we can provide references for other clients who are in your age range). Feel free to ask any one of our references about their experience being a client of our firm.
For clients with at least $100,000 to invest, we offer investment management services via the RISE (Return on Investment & Social Equity) Portfolios. RISE clients are committed to integrating social justice values into their investments and they become part of a community of investors that develop the social screens we use on the RISE platform. For clients with $1,000,000 or more to invest, we offer comprehensive wealth management services, which means that, in addition to investment management, we also provide a complete suite of financial consulting services that support them in every aspect of managing their finances. Wealth management clients may also choose to be a part of the RISE Community of investors by allocating $100,000 or more to the RISE Portfolios.

We are not generally able to offer comprehensive wealth management services to clients with less than $1,000,000 to invest. Nonetheless, we welcome and enjoy working with potential clients who have assets that do not meet this threshold, but are on the path to achieving it in the near future (i.e., an upcoming retirement, inheritance, or business sale/public offering). We also want you to know that our asset minimum is based on the total household (or family) balance of assets under our management. There are instances in which individuals within a family may not meet our asset minimum, but the family may meet it as a whole. Please feel free to contact us if you have any questions about your particular situation, we would be more than happy to discuss it with you!
We are primarily paid via investment management fees. While we also provide financial consulting as part of our comprehensive wealth management services, we don’t offer standalone financial consulting services (i.e., hourly financial consulting). However, on rare occasions, a client may pay hourly for financial consulting work done before their investment assets are transferred under our management. In these cases, the initial consulting fees are separate from, and in addition to, the investment management fee until a client’s assets (under management) reach $1,000,000. At that time, ongoing financial consulting services are included in the client’s annual investment management fee.
Due to regulations we (and anyone else in our industry) can’t promise guaranteed returns. However, what we can say is that we’re really good at what we do. The approach we take and the recommendations we provide are based on evidence and financial best practices, not fads, trends, or our own egos.

We have a strong track record of success managing investments, but what we’re most proud of is how we offer our clients value far beyond their portfolio returns. Many of our clients tell us that the peace of mind they get from knowing that we’re looking out for their financial well-being is priceless.
Assets are held in an account registered in your name at Folio Institutional and Charles Schwab. Robasciotti & Philipson never has custody of your money (that is, physical possession of or access to your money). We are independent and do not receive compensation from these custodians. We have contracted with them to print your statements, execute trades, and perform other administrative functions. If you are a current Robasciotti & Philipson client, you can access your investment accounts online at Schwab Alliance or Folio Client.
Generally, no. But, there are a few exceptions. We manage accounts held at, or transferred to, Folio Institutional and Charles Schwab. If your 401(k) or other employer-sponsored retirement plan is already held at Charles Schwab or Folio Institutional and you are allowed to choose your own investment manager, we may be able to manage your account. Please contact your plan administrator and reach out to us of you think this may be a possibility.
Working With Us
This is a good question! All of these represent different ways we work with clients.

Financial consulting is financial planning and advice. When we provide financial consulting services we give advice, provide education, create financial analysis, and offer support in all areas of your financial life. Financial consulting work happens via in-person or web conference meetings with our wealth managers as well as via email and telephone. An extensive amount of financial consulting work is usually necessary at the beginning of a comprehensive wealth management relationship. Once the relationship is established and things are on track, clients generally have more moderate financial consulting needs.

We only offer financial consulting as part of a comprehensive wealth management relationship, which means that we don’t offer standalone financial consulting services (i.e., hourly financial consulting).

Investment management can happen a in few different ways but, generally, it means that we are managing an investment account on your behalf. This happens by opening or transferring an investment account to Charles Schwab or Folio Institutional and giving us permission to make investment decisions for the account. Every account has specific needs. Below are some of the basic account services we provide for all investment accounts we manage:

● Initial Allocation of Funds ● Transaction Confirmation Review (as Applicable)
● Reallocation Analysis (Annually) ● Prospectus Review (as Applicable)
● Rebalancing Analysis & Trading (Quarterly) ● Proxy Voting (as Needed)
● Statement Review (Monthly) ● Fulfillment of Client Service Requests (as Needed)

Many of our clients are committed to socially responsible investing and do so via the RISE (Return on Investment & Social Equity) Portfolios, which are available to clients with $100,000 or more to invest. Comprehensive wealth management clients have the choice to invest conventionally, via the RISE Portfolios, or both.

Comprehensive wealth management is a long-term relationship with our firm. We provide fully integrated investment management and financial consulting services that are personalized to your needs and aligned with your values. We become your partner in all aspects of managing your financial life - from creating a budget to meeting with your estate planning attorney and reviewing your taxes. This service is offered to clients with $1,000,000 or more to invest or clients who will achieve this threshold in the near future. Read more about our approach to comprehensive wealth management here.
We begin by building a detailed analysis of your current financial situation and work with you to create a solid plan for the future. We use proven strategies that help you achieve your goals and avoid risks that may be popular, but are unproven in the long-term. Along the way, we hold the larger picture and proactively advise when changes are necessary so you can feel secure about your financial well-being. By taking this holistic and long-term perspective, we do what’s best for our clients’ overall lives, not just their finances.

We also take emotions into account. Instead of following the industry standard approach of removing emotions from decision-making, we welcome them, work to understand them, and allow them to intelligently inform our clients’ most important financial decisions. We explain the underlying math in real-world terms because we believe simple answers are often the best answers - we are smart and caring in an industry that divides the two. We have found that this rare combination is essential for helping our clients make the best financial decisions and find the wealth management process rewarding.

One of the most important things to know about our firm is that we work as a team. Rather than assigning each client to a different wealth manager in the firm, all clients are clients of Robasciotti & Philipson. As a company, we invest significant time and resources into working collaboratively to ensure that your needs are always met. For example, if the wealth manager who’s been giving you advice on a particular issue isn’t available, our collaborative process ensures that we’ve maintained regular communication and detailed notes on your situation so one of our other expert wealth managers can respond to your questions with timeliness and the best possible advice.
For comprehensive wealth management clients, we build a detailed analysis of your current financial situation, then work with you to create a solid plan for the future. Along the way, we hold the larger financial picture and proactively advise when changes are necessary so you feel secure and have a sense of financial well-being.

In real-world terms, this means that after initially meeting several times to create a plan with you, we meet at least annually (or more frequently, when necessary) to survey your current financial situation, provide updated advice and education, and review your investment strategy.

Throughout the year, we reach out proactively as needed and ensure that we are available whenever financial advice, analysis, education, or support is needed.
Congratulations! If you need to minimize taxes that means you’ve likely had some financial success. What’s most important now is that you get all available tax benefits and stay aware of future financial decisions that might impact your tax situation. As financial advisors, our work is different from what you would expect from a CPA (Certified Public Accountant) or other tax advisor. We do not prepare taxes or offer tax advice, but our firm maintains relationships with many highly qualified tax advisors and we are happy to share our experiences with you.

In addition, we regularly review our wealth management clients’ taxes and stay up-to-date on how any changes might impact them. We routinely work directly with tax advisors to minimize our clients' taxes and avoid tax surprises and, while we always recommend that you consult with your tax advisor before making any decisions, you can rest assured that we consider the tax implications of any advice we offer.
Absolutely! Full online access to investment accounts is available via Schwab Alliance (for accounts held at Charles Schwab) or Folio Client (for accounts held at Folio Institutional). In addition, Robasciotti & Philipson clients with accounts at Charles Schwab can view their account balances in their secure client portal, which can also be used to schedule an appointment, send us a secure message, update your financial information, or securely upload documents.
Giving back to the community is one of our fundamental values as a firm. Guiding clients and providing resources that support their philanthropic giving is some of our most rewarding work. In terms of our process, from the very beginning, we help you assess the amount of assets that is “enough” to meet your current and future needs. We then work with you to establish a plan to meet your goals while being mindful of doing so in ways that align with your life values. Once you have confidence in your financial plan and feel comfortable, we work with you to create a values-aligned giving plan.

If you’re interested in giving back to the community now, or want some quick ideas of great organizations that need your support, please feel free to check out our own list of Community Partners.
Generally, no. But, there are a few exceptions. If your 401(k) or other employer-sponsored retirement plan is already held at Charles Schwab or Folio Institutional and you are allowed to choose your own investment manager, we may be able to manage your account. Please check with your plan administrator and reach out to us if you think this may be a possibility.

Most often, wealth management clients have a 401(k) or other employer-sponsored retirement plan that is not held at Charles Schwab or FOLIOfn. In these cases, we do not manage the account directly, but we routinely analyze these accounts and make recommendations for how to more closely align their investments with the financial plan we’ve created together.
Yes! As a quick review, shareholder activism is a way in which shareholders (or stock owners) can influence a corporation's behavior by exercising their rights as owners. Shareholders don't ultimately run a company, but there are significant ways for them to influence the board of directors and management. These can range from dialogue with management, to voicing their concerns about a particular issue, to formal proposals that can be voted on by all shareholders at a company's general meetings. Prior to the general meeting of a company, shareholders receive a package containing a variety of documents including announcements of important issues that shareholders (or owners of the company) will vote on at the general meeting. If a shareholder is unable to attend a general meeting, they can vote on proposals by means of a proxy, one of the documents that is included in the pre-meeting mailing package.

Robasciotti & Philipson is proud to vote clients’ shareholder proxies on their behalf. We also collaborate with other investment managers to effect change in the behavior of companies whose stock (or shares) our clients hold.
Fees
At Robasciotti & Philipson, we are only paid by our clients. We charge an annual fee that is prorated and payable monthly. Our fees only apply to assets that Robasciotti & Philipson directly manages for a client. The total fee is calculated by applying different rates to different portions of the portfolio. Another way of saying this is that the amount charged for assets in each tier is separately calculated. The amount charged for each tier is then added together to produce a total (average) fee. The fee is calculated according to our standard, tiered fee schedule, below.

Standard Fee Schedule


Value of Account Assets Annual Rate
On client assets above $20,000,000* 0.20 %
On client assets between $10,000,000 and $20,000,000 0.50 %
On client assets between $5,000,000 and $10,000,000 0.75 %
On client assets between $1,000,000 and $5,000,000 1.00 %
On client assets up to $1,000,000 1.25 %
* Fees on assets above $25,000,000 are customizable

For example, if we managed $6,000,000 for a client, we would charge:
1.25% for $0 - $1,000,000
1.00% for $1,000,000 - $5,000,000
0.75% for $5,000,000 - $6,000,000
The total (average) fee would 1.00% per year or 0.083% per month

We are paid almost entirely via these investment management fees. While we provide financial consulting as part of comprehensive wealth management, we don’t offer standalone financial consulting services (i.e., hourly financial consulting). However, on rare occasions, a client may pay hourly for financial consulting work done before their investment assets are transferred under our management. In these cases, the initial consulting fee is separate from, and in addition to, the investment management fee until a client’s assets (under management) reach $1,000,000. At this time, all ongoing financial consulting services are included in the client’s annual investment management fee.
Yes, investment accounts also incur the fees below. We monitor these costs and, where possible, we negotiate on our clients’ behalf to ensure that these fees are competitive. These fees are different for each account and available at any time upon request.

Trading or Platform Fees - These fees are for trades placed in the account and charged by the custodian where your account is held. Accounts are either charged a fee per trade or the account is charged a percentage of its average account balance to cover the cost of trading.

Research Fees or Fund Expenses - These fees are either charged by a mutual fund, exchange-traded fund, or one of our research partners. Mutual or exchange-traded funds deduct expenses from the overall assets of the fund and, therefore, they are not directly debited from the investment account. Instead, they are reflected in the value of the fund. Research fees are usually assessed when individual securities, vs. funds, are held in an investment account.
We provide our clients with a level of comprehensive service that you won’t find anywhere else. When you compare our fees to those of other firms, it’s possible that you might find that our fees are slightly higher. However, as with many things, you get what you pay for. We provide our clients with extensive and comprehensive financial consulting in coordination with investment management. All of our billing is up-front and totally transparent (just see the previous question as an example). There are no entrance, exit, or other hidden fees. Client accounts may incur separate fees and expenses that are charged by a custodian or fund, but we pay close attention to, minimize, and disclose these third-party fees.

Providing our clients with high-quality, up-to-date services that are responsive to their needs and with an understanding of their unique life circumstances comes at a cost, but it’s one that we feel is highly competitive. We care about our clients. We are committed to your financial success and aim to build the financial power of the communities we represent and support. If you ever have any additional questions or concerns about our fees, we will always be happy to have an open, honest, and transparent discussion about them with you.
From time to time clients ask why we charge less for higher dollar amounts, particularly given that we are a wealth management firm with social justice values. We see how this could be confusing and, in the spirit of our values, we are continuously exploring how fee structures and many other financial procedures promote or reduce equity in the world.

It’s common practice for wealth management firms like ours to charge clients “tiered fees” (a structure where some clients pay less, on a percentage basis, if they have more assets under management). This is because working with clients creates a standard set of “fixed costs” (i.e., the cost to the business of providing services to any given client). For clients with more assets under management, it’s easier for the business to recoup these costs because, even at a lower average fee, a larger amount in assets is being charged. So, a client with $1,000,000 under our management and a 1.25% fee might cost the firm the same amount as a client with more assets under management and a lower average fee.

We’ve explored this somewhat complex issue at length and feel that our current approach is even-handed. As one of the most diverse and inclusive wealth management firms in the country, we want our clients to have access to inclusive wealth management. At the same time, as an independent firm, we are subject to many of the same costs and regulatory requirements as very large firms with thousands of employees. In order to keep the lights on and pay our staff competitive wages, we need to charge all of our clients an appropriate amount that covers the costs of providing our high-quality services.
Fee-only financial advisors, like Robasciotti & Philipson, are registered investment advisors with a fiduciary responsibility to act solely on behalf of their clients' best interest. We do not accept fees or receive commissions from selling products from any financial, banking, or insurance company. As a result, we have fewer inherent conflicts. Our only interest is your best interest.

Commission-based agents and brokers who earn money by selling you financial, banking, and insurance products, often take offense at this distinction. Blurring the difference, they created the category dubbed "fee-based", which means they charge a fee in addition to collecting commissions. Commission-based financial advisors may have an incentive to recommend products that generate the highest commission. These products are not always the best fit for their clients. No doubt, these are likely sincere people trying to do honest work, but good intentions may succumb to repeated temptation.

Technically, no form of advisor compensation is totally conflict-free because we benefit when you seek and pay us for advice. But, it’s helpful to know that fee-only financial advisors are responsible for acting in your best interest. In addition, how they are paid is generally more transparent. As a result, many clients feel that fee-only financial advisors give the best and most impartial financial advice available.
Social Justice Investing & RISE
The RISE (Return on Investment & Social Equity) Portfolios are right for you if you:

1. Are a progressive investor with social justice values.
2. Agree with the collective commitments of the RISE Community.
3. Believe that financial return is as important as earning a return on social equity.
4. Have investment account(s) that can be transferred to one of our custodians.
5. Have $100,000 or more to invest in RISE.
Generally, no. But, that is not that answer you’ll receive from many traditional socially responsible investment (SRI) managers. "The current industry-wide definition of social responsibility is a far cry from what anyone with social justice values could imagine (for more information, click here)." This shift allowed the stock and bonds of companies that make weapons, create harmful products, exploit vulnerable populations, and ravage the environment to become commonplace in the vast majority of current SRI portfolios.

But, if you are authentically invested in a way that aligns with social and environmental justice, your individual financial return will likely always be lower than someone without social screens on their investments. Why is this? For far too long “return” has been defined exclusively as receiving a financial benefit because you invested money in something that made a profit. We are all becoming increasingly aware that we live in an interconnected world and, when people and the planet suffer, we all suffer; while we may receive a financial return on our investments, our quality of life is diminished.

By thinking only of financial return, we’re leaving out a large part of the picture, our collective well-being. The RISE (Return on Investment & Social Equity) Portfolios take a holistic approach to return. RISE is an investment platform, so earning a financial return is important. But, the financial return is no more important than the return we earn on social equity. What is social equity? Ultimately, it is the just and equitable allocation of resources, land, and power. Our aim is to earn a high “total return” - that is, a reasonable financial return that equally supports the well-being of people and the planet. In doing so, we may earn the highest return imaginable.
A social screen is the collection of non-financial criteria that a socially responsible investment (SRI) manager uses to include or exclude companies for investment (this often includes environmental impact, social impact, and corporate governance). In traditional SRI, the social screen is dictated by the investment manager based on what they assume will be appealing to individual investors. Investment managers do not solicit input or have dialogue with investors. Instead, individual investors “take it or leave it”. As a result, traditional SRI typically uses social screens made up of a rigid set of criteria (based on what will sell well to investors) that are generally not aligned with current social justice movements.

By comparison, the RISE Social Screen is set and maintained by the RISE Community of investors based on their collective values. It is the result of ongoing collaboration between the investment manager and the RISE Community of investors. Therefore, the RISE Social Screen is a responsive set of criteria that reflects the values of the RISE Community of investors. This screen, like any set of authentically held values, is able to adjust over time and dynamically align with social justice movements.
RISE (Return on Investment & Social Equity) platform is a groundbreaking model for socially responsible investing that brings its community of investors together and empowers them to set the criteria that make up the RISE Social Screen. It is a new model, but one with many evidence-based principals at its core. We use a feminist model for building consensus. We support the community in gathering to “speak with one voice” and engage in dialogue with the investment managers, Robasciotti & Philipson. We gather the RISE Portfolios’ investors at RISE Community Forums four times per year, approximately quarterly.

As the conveners and investment managers, we support the RISE Community in articulating, clarifying, and prioritizing its values. We then facilitate translating those values into a social screen that authentically reflects the RISE Community and its priorities. How the community interacts and sets priorities will evolve over time as a result of evidence-based learning about how best to hold and nurture this innovative and powerful community of investors.
No. While all members are invited and encouraged to attend RISE Community Forums, we understand that for some it may not be feasible to participate in this way. What’s most important is that your values and intentions align with RISE Community, as outlined in the our collective commitments. In addition to the RISE Community Forums, we are currently designing several additional ways for RISE Community members to connect and participate.
You could ask your existing investment manager to use the RISE Social Screen and, because RISE is on the leading edge of social screening, your portfolio would likely become more aligned with your social justice values. But, you would miss out on the collective wisdom of the RISE Community in monitoring the social screen, which is something you would need to do on your own. As important, you wouldn’t have the intention and resources of a values-aligned investment manager dedicated to translating the wisdom of the RISE Community into a real-world portfolio.
More Info About Us
Robasciotti & Philipson has been in business since 2004. Our founder, Rachel, began working in the industry in 1999. This means that we are led by a wealth manager who has experienced two significant economic downturns. Why is this important? Well, financial markets, unavoidably, have ups and downs. When the economy is in turmoil, you want to be with a firm that has the expertise and skill to guide you through tough times. More importantly, the time we invest in understanding you as a whole person, means that we have both a clear sense of the financial markets and how any changes might impact you. We invite you to learn more about our the extensive credentials and experience of our entire wealth management team by visiting the About Us page.
As individuals and as a firm, we strongly believe in, and support, racial justice. Within the financial industry, we’ve put our racial justice principles into practice. Through the RISE (Return on Investment & Social Equity) Portfolios, we are one of the first socially responsible investment management firms in existence to incorporate racial justice into our screening process and, while more than 68% of all US financial advisors are male and 77% are white. [Source: Center for Financial Planning 2016 Annual Report], we are staffed by over 50% women of color. Accomplishing this has required an explicit commitment and deliberate actions to increasing diversity and inclusion.

We are progressive and committed to the advancement and wellbeing of people of color, women, and the LGBTQ+ (lesbian, gay, bisexual, transgender, and queer) community. We are particularly passionate about supporting the interconnectedness of these communities. Over the years we have found that a commitment to racial justice is often inextricably tied to supporting the well-being of these frequently intersecting communities.
No, there are no disciplinary citations or legal charges for either the firm or any of our employees. This is a critical question to ask any individual or company who will give you financial advice. The Certified Financial Planner Board of Standards, Securities & Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and your state insurance and securities departments each keep records on the disciplinary history of financial planners and advisors.
Miscellaneous
Robasciotti is pronounced roh-buh-SHOH-tee. It’s the last name of our founder, Rachel J. Robasciotti.
Yes! Astrid is amazing and available to join client meetings upon request. She’s still a kitten, which makes her adorable and erratic about her cuddle/playtime schedule. She may not sit still for the entire duration of your meeting and, you’ve now officially been warned, she may attack your fingers if they move furtively while she’s entering playtime - it’s the best! 🙂
Our clients and staff members with even severe cat allergies have enjoyed sharing Astrid’s company with no problems whatsoever. While no animal can be 100% hypoallergenic, cat allergy sufferers generally find that they do not respond to the Devon Rex breed, which has a different type of fur than traditional short or long-haired cats. In addition to being a Devon Rex, Astrid is female and, in all cat breeds, females are less likely to produce allergens than males. We also feed Astrid a diet that includes brewer’s yeast, a natural additive known to reduce allergen production in cats. Last, and most importantly, Astrid gets a bath at least once (often twice) per week, which in all cats reduces allergens by more than 84%. If you have a cat allergy and still feel wary, please just let us know and we’ll be sure keep her otherwise occupied while you’re in the office.
We’ll be happy to answer any questions you have! Please get in touch with us via email, by sending us a Quick Inquiry, or giving us a call us at 415-986-5500.