The Rice Partnership

Mark Robinson serves as Managing Director and leads client advisory relationships, a role he has held since establishing the firm. The investment committee structure is not publicly detailed, but as a boutique fiduciary, Robinson and a small team of senior advisors drive portfolio construction decisions for the partner families.

The Rice Partnership is an independent entity that originated as the personal family office for Charles R. Schwab, the founder of the Charles Schwab Corporation. It is not a subsidiary of the brokerage firm. The relationship remains personal, with Schwab as the founding client, though the firm has since expanded to serve multiple unrelated wealthy families.

It operates as a multi-family office serving a small number of wealthy families, though its roots are in serving a single founding client, Charles Schwab. The firm is registered as an RIA and takes on external families, distinguishing it from a pure single-family office.

The firm primarily allocates through funds and institutional investment vehicles rather than leading direct deals. Its approach emphasizes customized asset allocation across public and private markets, utilizing external managers and fund commitments to build diversified portfolios for each family client.

The firm does not publicly market a co-investment program. Given its focus on fiduciary advisory and multi-asset allocation, any co-investment activity would likely be opportunistic and facilitated through existing GP relationships rather than a formal direct-investment arm.