StepStone Private Wealth welcomes two industry veterans to lead growth push

StepStone Private Wealth has added two senior executives to its leadership team.

In a statement Thursday, the firm revealed Berta Aldrich as its new managing director and global head of private wealth marketing, while David Robbins has been named director of enterprise RIA relationship management.

Both executives joined the firm earlier in October.

StepStone Private Wealth is a subsidiary of StepStone Group., a global investment firm that specializes in private markets. As of June 30, StepStone was managing approximately $701 billion in capital, with $170 billion in AUM.

Earlier this month, StepStone Private Wealth revealed a new milestone in its history, surpassing $5 billion in AUM for individual investors and small institutions.

“We are excited to welcome these two accomplished executives with exceptional track records of success in growing asset management franchises the right way,” Bob Long, partner and CEO of StepStone Private Wealth said in a statement. “With our platform now managing over $5 billion for individual investors and small institutions, Berta and David will play critical roles in our continued expansion and global brand recognition.”

In her newly created role, Aldrich will oversee global marketing and brand strategy for StepStone Private Wealth. She brings more than three decades of industry experience, including leadership roles at Vanguard, Principal, and FS Investments.

Most recently, she led an executive training consultancy, working with Fortune 100 executives worldwide. In 2023, she was recognized on the InvestmentNews Hot List highlighting top financial professionals in the industry.

Meanwhile, Robbins will focus on providing education, onboarding, and other services for some of the US’s largest RIA firms. He previously held senior roles at Neuberger Berman, where he managed private equity, private credit, SMAs, ETFs and other investment products. Earlier in his career, Robbins worked in distribution roles at Lord Abbett & Co. and John Hancock.

“Adding Berta and David to the team will expand our efforts to share this message with new advisors and their clients while providing exceptional service,” said Neil Menard, partner and president of distribution at StepStone Private Wealth.