Frank, Rimerman Advisors

Frank, Rimerman Advisors

Frank, Rimerman Advisors grew out of Frank, Rimerman + Co. LLP, the largest locally-owned CPA firm in California and a mainstay of the Silicon Valley professional-services ecosystem. The advisory arm was established to address the investment management needs of a client base marked by concentrated single-stock positions, pre-IPO equity, and sudden liquidity — the signature wealth pattern of the technology sector. Unlike many multi-family offices that originated in private banking, the practice was built atop a tax and audit platform, giving it native fluency in the planning architecture required by operating-company founders and senior executives. The firm constructs portfolios spanning traditional asset classes — US and international equities, fixed income, and alternatives — with a heavy emphasis on managing the risk embedded in large, low-basis technology positions. Strategy execution runs through direct indexing, separately managed accounts, and allocations to private funds, including venture capital and private equity vehicles that match the illiquid exposure preferences of its clientele. Geographic focus is overwhelmingly US-centric, concentrated along the Peninsula and broader Bay Area, though the practice serves families with bi-coastal ties as they relocate or diversify holdings. Team scale and asset totals are not publicly disclosed, consistent with the wider Frank, Rimerman partnership's culture of client confidentiality. The broader firm employs hundreds of professionals across accounting, tax, and consulting, with the advisory group drawing on specialists in trust and estate, business valuation, and litigation support. In May 2023, Frank, Rimerman + Co. LLP announced its combination with Seiler LLP, another prominent California accounting firm, expanding the combined entity's reach into ultra-high-net-worth advisory and tax services (per the firm, May 2023). This deepened the professional base available to the investment-advisory unit, reinforcing a model where tax awareness leads portfolio design. The structural differentiator is the accounting-RIA axis itself. Most multi-family offices either outsource tax or run a lightweight in-house capability. Frank, Rimerman Advisors can coordinate asset location, realization-timing, and manager selection with the same professionals handling the client's annual filings, estate documents, and philanthropic vehicles. For technology founders confronting the friction between diversification theory and Section 1202 exclusions, this architecture makes the firm a natural convener of capital and counsel under one engagement.